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.
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage...
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.
Learn about securing permanent lifetime protection with a New York Life whole life insurance policy, which offers access to cash value over time.
Whole life premiums are much higher than term insurance premiums, but because term insurance premiums rise with increasing age of the insured, the cumulative value of all premiums paid...
Universal life insurance gives consumers flexibility, while whole life insurance offers consistent premiums and guaranteed cash value accumulation.
Term, whole, UL, VUL Term vs. Permanent Life Insurance Term life insurance differs from permanent life insurance in several ways but tends to best meet the needs of most people looking for...
Life insurance can be broken down into two main types: term vs. whole life insurance. Find out the differences between the two and which is best for your needs.
Buying life insurance? Our guide explains the differences between term and whole life insurance so you can decide which type of policy is the best fit for your needs.
Term life insurance is temporary, covering you for a fixed period of time, while whole life usually lasts a lifetime. Learn more now.