Which option works best for you? Term Life Insurance Expires after termNo cash value before your deathAffordable premiumsBest for most people Whole life insurance Expires when you dieBuilds cash value you can accessSignificantly more expensive premiumsGood for high-net-worth individuals What is a ULIP? Long-term investment plans that are a combination of insurance and investment. Benefits of a ULIP Which Is A Better Option For Retirement Planning: Mutual Funds Or Insurance?