Term Life Insurance
Term Life insurance pays a benefit in the event of the death of the insured during a specified term. Generally, people purchase Term insurance when they need a large face value for a limited time period.
Whole Life Insurance
Whole life insurance pays a benefit on the death of the insured and also accumulates a cash value. This type of insurance is designed to stay in force until death. As long as you purchase a policy...
Term vs Whole Life Insurance
Simply put, the main difference between Term and Whole life insurance is that Term is temporary, generally lasting 10 to 30 years, while Whole is permanent, which remains in force until...
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