Whole Life vs. Term Life.
What’s the difference?
Whole Life Insurance
- Protection for your entire lifetime
- Premiums usually start higher
- Plan builds up cash value that can be used to supplement retirement years
- Cost per dollar of sum assured is higher
Term Life Insurance
- Protection for a fixed time period
- Premiums usually start lower but may increase with age upon renewal
- Plan has no cash value
- Cost per dollar of sum assured is lower
Find the right whole life insurance plan and term life insurance plan
My plan should have
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