2. Choosing the policy that meets your needs Each type of life insurance has its own benefits and drawbacks, and policyholder preferences and circumstances make certain features more important to some individuals than to others. This table presents a series of statements relating to life insurance policies Indicate which policies address the concern or desire expressed by each statement. Check all that apply. Term Whole Universal I'm worried that my health might decline and want to secure a steady premium that wont be contingent orn passing medical exams in the future I want lifelong coverage. I don't want to pay heavy fees