The cost of life insurance depends on several factors such as age, health condition, coverage amount, and product type. Many people tend to assume the cost is much higher than it actually is. In reality, for a young and healthy person, a life insurance policy can cost only the equivalent of a few cups of coffee per month. The key is to find a solution that fits both your budget and your needs.

Yes, this is completely possible with flexible products such as IUL (Indexed Universal Life). Life changes, and your insurance policy can adapt as well. You can increase or decrease your premium payments depending on your financial situation at different times, without significantly affecting the core benefits of the policy.

This is a common misunderstanding.

With Term Life Insurance: This is pure protection, similar to auto insurance. If the term ends and no risk occurs, the policy simply expires.

With Whole Life / IUL: A portion of your premium is accumulated into a cash value account. This money belongs to you and grows over time. You can borrow from it, withdraw it when needed, or receive it at maturity.
Therefore, your money is not lost — it is being accumulated and earning growth.

Term Life Insurance:
Provides coverage for a specific period (for example 10, 20, or 30 years). It has a low cost and focuses purely on financial protection. Ideal for covering debts or ensuring financial security for your family during important life stages.

Whole Life / IUL:
Provides lifelong coverage. In addition to protection, this product includes savings and investment features that allow you to build a cash-growing asset over time with tax advantages. This is a “2-in-1” solution protection plus a long-term financial tool.