IUL vs Term Life Insurance: Best Choice?

Life insurance protects dependents; it pays beneficiaries if you die, helping cover mortgage, childcare, daily expenses, or college costs.
Term life covers 10, 20, or 30 years; if you outlive the term, the policy ends.
IUL is permanent if properly funded, with death benefit plus cash value credited by an index-based formula.
Term is usually cheaper; IUL costs more, can have slow early cash value, and may lapse if underfunded.
For most beginners, term fits primary protection needs; IUL may suit specialized, long-term, well-funded plans.