What is the Difference Between Term and Whole Life Insurance?

Are you thinking about buying life insurance, but don’t know where to start? Here’s a money saving tip: get it while you’re still young(er) and healthy!

Now, let’s look at the main two insurance options: term life and whole life insurance. We are going to examine pros and cons and the difference between term and whole life insurance policies.

Life insurance provides financial protection by protecting your lost income if you were to unexpectedly die. You create a contract with an insurance carrier that is paid by a yearly or monthly premium.

What Is Life Insurance and How Does It Work?

Term life insurance serves the sole purpose of providing a death benefit to your chosen beneficiaries if you were to pass away in a given period of time. The term length of the policy can range from 10 to 30 years, but are often customizable if you need a different length of coverage time

Term Life Insurance

Term life insurance is a great way to ensure that your family is financially secure, even in unplanned circumstances.

Is Term Life Insurance Worth It?

Whole Life Insurance

Whole life insurance is a type of permanent insurance, meaning that as long as you pay your premiums, the policy never expires.

Swipe Up

to learn more

Read More

Acorns vs Robinhood vs Webull vs M1 Finance: Which One is the Best?

8 Ways to Digitize Your Business