If you have people who depend on you for financial support, it's important to make an educated decision about life insurance options.

Term: This is the simplest and generally the cheapest form. You buy coverage for a specific period of time. There is no cash value.

Universal Life: This policy will cover your entire life, as long as you keep paying premiums. A portion of your premiums are invested that become a cash value. There is a guaranteed return on the cash value.