Country Insurance provides Term, Whole and Universal Life products. Term life insurance is a very popular option because it provides coverage at the stage of life when needed most, yet have the least amount of money to spend on it. Benefits of term insurance include affordability, helps insured budget, set coverage amount, convertible and is renewable. Whole life policies have two distinct benefits- permanent life coverage and a cash value and protects for as long as you live. There are 2 types of Universal Life Policies - Universal Life and Variable Universal Life. Both types of policies share some of the same benefits of a whole life policy permanent coverage for as long as the insured lives, death benefit is income tax- free to beneficiaries and cash value builds tax-deferred and can be loaned against for emergency funds as long as certain conditions are met.