What are the advantages of whole life insurance and term life insurance?
Whole life insurance offers the advantages of providing lifetime protection and guaranteed level premiums for the life of your policy.
In addition, whole life builds cash value from which you may take a loan in the future.
Whereas, term life insurance is the easiest life insurance to understand, and offers by far the lowest premiums for your coverage.
That means, you can afford a lot more life insurance protection to fit your budget.
And, you are only paying for pure life insurance protection, there is only a death benefit, and no cash value with term life.
Whole life insurance can cost up to 5 to 10 times more for the same amount of life insurance protection, as term life insurance.
Learn more about the advantages of whole life and term life insurance.
Whole life insurance offers the advantages of providing lifetime protection and guaranteed level premiums for the life of your policy.
In addition, whole life builds cash value from which you may take a loan in the future.
Whereas, term life insurance is the easiest life insurance to understand, and offers by far the lowest premiums for your coverage.
That means, you can afford a lot more life insurance protection to fit your budget.
And, you are only paying for pure life insurance protection, there is only a death benefit, and no cash value with term life.
Whole life insurance can cost up to 5 to 10 times more for the same amount of life insurance protection, as term life insurance.
Learn more about the advantages of whole life and term life insurance.
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