Life Insurance vs Term Insurance

How does life insurance compare to term insurance?

Life insurance is pays out a death benefit upon the passing of an insured person. How does life insurance compare to term insurance?

Whereas, term insurance is one type of life insurance, which provides temporary coverage usually lasting for a period of 30 years or less. How does life insurance compare to term insurance?

Some life insurance plans provide lifetime protection and build some cash value inside the policy; whereas, term insurance is pure death benefit protection with no cash value feature inside the policy. How does life insurance compare to term insurance?

Permanent (lifetime) life insurance policies usually cost up to 5-10 times more than term life insurance for the same amount of insurance protection.

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