Universal life insurance quotes will vary based on policy specifications. Your UL policy can be designed for death benefit protection, cash value growth, or somewhere in between. You also have the option of an increasing or level death benefit. Finally, depending on your goals and objectives, guaranteed universal life, indexed universal life or variable universal life may be chosen.

Term life insurance quotes are relatively simple. A term policy can be designed so the death benefit remains level for 10, 15, 20, 25 or 30 years. Once the policy expires the term insurance premium will increase annually.