Many whole life insurance plans, in addition to providing the insured with fixed death benefits, also accumulate cash value as policyholders pay into the plans with their premium dollars. (investopedia.com)
10 - Year Term — With this first policy, the death benefit remains level for the full ten years and you'll have fixed death benefit coverage. (termlife2go.com)
While some universal or whole life policies allow reductions of face amounts when the insured uses the policy for loans or other advances, the policies frequently hold fixed death benefits. (investopedia.com)