| Guaranteed at-death proceeds; Guaranteed lifetime benefits |
Level, but for a period less than the endowment date (such as 20-Pay Life and Paid-Up-At-65); Premiums will be higher than comparable Ordinary Life policy |
Guaranteed build-up (faster than Ordinary Life); Participating policies may have build-up beyond amounts guaranteed |
Greater forced savings element; Guaranteed cash values; Income tax advantages |
Higher rates than Ordinary Life; Investment return usually marginal |
Buyers having a need for a fixed amount on a fixed, though distant, date |