Term or Life Insurance?

Which type of life insurance is best - Term Life or Whole Life?

Actually, it depends on your personal situation and needs.

For example, if you need life insurance for a specific period of time to cover your home mortgage or until the kids are out of college, you may need term life insurance for a term of 15, 20 or 30 years.

However, if you need life insurance guaranteed to last your entire lifetime, no matter how long you live, then a whole life insurance policy may be right for you.

Basically, term life provides protection for 30 years or less, while whole life if lifetime protection.

Term life costs a lot less since you may outlive your policy term.

Learn more about term or life insurance and find out which may be right for you.