What's the difference between term and whole life insurance?
Sponsored Ad
Term life insurance and whole life insurance are two very different approaches to providing a life insurance policy to your family in the event of your death.
- Term Life Insurance: Pays out the face value of the life insurance policy to the beneficiary. It can be purchased for increments of time ranging between one year to 30 years, and is relatively cost-efficient to buy.
- Whole Life Insurance: Mixes term life insurance with different investments such as stocks and bonds. You are also allowed to borrow against the cash value of your investment. Overall, whole life insurance is far more expensive than term.
Are you interested in finding out more information about term life insurance? Find an insurance company near you and make an appointment to explore your options.
Need more answers?
- What is no-fault auto insurance?
- Do I have to have car insurance?
- What is the difference between Medicare and Medicaid?
- How do I get private health care?
- Can I be denied health insurance?
- Why is car insurance so expensive for young drivers?
- Whose auto insurance pays if I’m driving someone else’s car and I’m in an accident?
- Should I get renter's insurance?
- Why is life insurance important?
- Does life insurance test for drugs?
- How much car insurance do I need?
- Does my driving record affect how much I pay for car insurance?
- Why is my car insurance so expensive?
- How long can my kids stay on my car insurance?
- How long can my kids stay on my health insurance?
- What are the cheapest cars to insure?
- Do I need pet insurance?
- What is umbrella insurance?
- Should I buy travel insurance?
Yellowbook Answers Disclaimer
The Yellowbook Answers are provided as a service to users of yellowbook.com and are not intended to replace advice from qualified professionals. Yellowbook makes no promise, guarantee or warranty regarding the comprehensiveness, accuracy or reliability of the information provided.