- Term life is temporary protection for for 30 years or less.
- Term life doe snot build cash value inside the policy.
- Term life only has a death benefit.
- You may outlive the duration of your term life policy.
Whereas, whole life insurance provides lifetime protection as long as you pay your premiums on time.
Here's how you can compare whole versus term life insurance to help you better understand how they both work and determine which type of life insurance policy best fits your needs.