Deciding between term life insurance and whole life insurance can be overwhelming, so discover what the key differences are before making your decision.
Whole life insurance is permanent life insurance that pays a benefit upon the death of the insured and is characterized by level premiums and a savings component.
Unlike term life insurance, whole life policies cover you for life and let you build savings in a cash value that you can tap for future needs.
Be prepared with an Individual Whole Life Insurance policy. It provides a cash benefit to help your family pay for final expenses including funeral, cremation and more.
Term life insurance is temporary, covering you for a fixed period of time, while whole life usually lasts a lifetime. Learn more now.
Whole life insurance policies provide permanent life insurance and typically offer fixed premiums, fixed death benefits and a cash value savings component.
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Universal life insurance gives consumers flexibility, while whole life insurance offers consistent premiums and guaranteed cash value accumulation.