Whole life insurance explained.
Why is it that people still prefer to own whole life insurance even though term life costs so much less?
The question that people should really be asking is..."is term life really cheaper?"
You really put out a lot less for term insurance and if you died within the term period you had made the correct decision when you bought term.
The question is what if you don't die in that term period? Had you
settled for a smaller amount of whole life insurance you would have some
money to get back.
People buy whole life simply because they get something back if they don't die. You can also keep whole life for as long as you live but term only lasts for a specific number of years.
Go to this page where you will find whole life insurance explained in more detail.
Speak with a Licensed Agent:
You can guarantee an accurate term life insurance quote. There are some carriers who quote one level premium at a given age.
Want to know a little about term life insurance? I will try to give you some info!
The 30 year term life insurance premiums are quite low when you take into consideration what can be accomplished when you buy this policy.
When you purchase a 15 year term life insurance policy you enjoy level insurance coverage for the entire 15 year period.
The 20 year life insurance policy is one of the most sought after policies.