Term life vs whole life, is there still debate about which is best? I
think it has died down a bit.
People are not too certain anymore that term insurance is the only way to go.
That is good because people should take the time to check out both types of policies for themselves and make their own decision.
Term life insurance is great insurance. Each term policy covers specific needs but term insurance is temporary insurance whether you buy a policy for one year, 5 years or 30 years. It is still temporary.
Save on life insurance premiums - Click For Free Quotes
People want their life insurance protection to be permanent, coverage right up until age 100. That is why whole life in some form outsells term life insurance. The types of policies most people buy are modified whole life policies.
These are policies created by life insurance with the intent of increasing their share of the life insurance sold. Some are somewhat like the universal life policies all built into one whole life policy.
I have a favorite
whole life insurance
policy. This is the old non par whole life policy. Cash values take
much longer to break even but the premiums are much lower. There is no
Some companies' non par whole life policies never have cash values break even with premiums but that is O.K.
There is always some cash to fall back on if you need it though. When you die your family gets the face amount.
Term life And whole life insurance, is there a contest as to which is best? Not really, each type has a job to do and it does the given job very well.
Protect your family with life insurance -
Get Quotes And Save
Term life insurance is life insurance in it's simplest form. These policies stay in force for a specific number of years, for example, 5 years 10 years etc.
Whole life insurance is the plan of choice for many people. There are many variations to this plan.
Universal life insurance was designed with the express intention of combatting the venerable whole life insurance policy.
Are you looking for quality term insurance quotes? Have you determined how much you need? Do you know what type of term insurance is best for you?
In many cases it is a good idea to buy term insurance online. Some people know just how much life insurance they want to buy before they get online.