What is the difference between term and whole life insurance? Many life
insurance buyers want an answer to this question.
I will attempt to give as simple and straightforward an answer as is possible, even though this is a complex subject. Let us do this by defining each policy.
What does term life insurance do, how does whole life insurance differ?
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Death proceeds from 10 year life insurance can be in lump sum form or incomr form
The 5 year term life insurance policy has been around in insurance circles for a very long time. It can be sold as a policy or as a rider to a permanent life insurance policy.
The 20 year term insurance policy is one of the most sought after life insurance policies.
Take a look at 20 pay life insurance. Most people know that you buy whole life insurance if you want to be covered for the rest of your life even if you live to age 100.