Which Life Insurance is Best Term or Whole?

The best type of life insurance for you will depend on your own personal circumstances and what you want your life insurance coverage to accomplish.

If you need the most affordable life insurance which will allow you to purchase the largest amount of protection, then term life insurance is a good option.

If you need life insurance for a period of 30 years or less, then term life insurance is a good option.

If you need life insurance that is guaranteed to last until the end of your life, then whole life insurance is a good option to consider.

Keep in mind, whole life insurance can cost 2-3 times more (at least), compared to term life insurance.

Why is whole life insurance so expensive?

because, whole life is permanent protection for your entire life, and it builds cash value inside your policy over time.

Learn more about whole life insurance versus term life insurance policies.

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