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It\u2019s always been a debate of what life insurance is best, Variable Universal Life (VUL) or Term Insurance.<\/span><\/p>\n

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VUL is a life insurance that has an investment component. Meaning, a part of your payment goes to the charges(insurance charge, administrative charge, etc.) and the remaining amount goes to the investment portion. This type of plan has a payment term of one time, 5 years and 10 years. If the investment fund value is not enough to cover the charges, the insured need to pay for the charges to stay in force. You are covered until age 88.<\/span><\/p>\n\n

Related Article: What is VUL?<\/a><\/strong><\/em><\/p>\n\n

On the other hand, term insurance has to be paid for life. It is more affordable compared to VUL in terms of the premium. However, the premium goes up every 5 years until the end of coverage which is 75.<\/span><\/p>\n

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I will be making a comparison between Sun Maxilink Prime (VUL) and Sun Safer Life 5YRCT (Term Insurance). I will be using a Face Amount of 1 million and a death benefit of 200% meaning it is a 2 Million Death Benefit. It is for a 25-year-old male, non-smoker.<\/span><\/p>\n

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