Term life insurance vs. universal life

Posted on May 4, 2018 and updated May 8, 2018 in 1 min read
Sam K. from Toronto and his wife have two joint life insurance policies. One is term life insurance purchased in 2002 and the other is universal life purchased in 2004. The couple with two kids are now considering calcellation of the one of the policies and keeping the other. However, they don’t know which one is better to stick with. Insurance expert Lorne Marr gives his best advice