Life Insurance: Which Type Is Right? Take our quiz to fi nd the best solution for you. BY CARALEE ADAMS ou know you need life insurance, but what kind? If you can't quite fi gure out the difference between term, whole and universal, here's a quiz to help you sort it out. Circle your answers below to fi nd the best policy to fi t your family, budget and goals. True or False I want my life insurance policy to be in effect for a specifi ed period of time, for example, while my children are growing up. 2 3 4 5 6 True or False I want to buy life insurance to protect my family in the event of my untimely death. True or False I want to use my life insurance policy to build equity. True or False It is important to me that my insurance accrue cash value during the life of the policy. True or False I would like the option of being able to borrow money from my life insurance at a low interest rate. True or False I want my insurance premiums to be as low as possible. 7 8 9 True or False I want my life insurance premium to be fl exible. True or False I would like life insurance to help fund retirement. True or False I would like my life insurance policy to help fund my child's education. 10 11 True or False I want to use life insurance to create a legacy. True or False I would like to use life insurance to help maximize my pension options. Y 1 Finance Solutions for you + your family 26 VIKING FEBRUARY 2013 sonsofnorway.com QUIZhttp://www.sonsofnorway.com