If you’re not clear on the precise difference between term and whole life Insurance, you have come to the right guide on insurance. I promise: by the end of this short article you will be clear.
There a few major differences, so let’s take them one at a time. Term life is is insurance that you buy for a limited, defined term. This term could be as little as a year, but it’s usually between 10 and 30 years. Whole life, on the other hand is good for the whole of your life, i.e. until (more…)