When term and whole life insurance is mentioned in one sentence there
usually is some sort of controversy.
Someone is stating that one is better than the other, either term life is best or whole life is better.
The fact is no type is better than the other. You buy term or whole life depending on your need. There really is no realistic ore intelligent controversy.
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Term and whole life insurance are similar in many ways. Term life
insurance policies are limited to 5 years, 10 years, 15 years, 20 years,
25 years or 30 years.
Whole life insurance can be kept until age 100 if you so choose.
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Get up to $1,000,000 term life insurance no medical required.
Death proceeds from 10 year life insurance can be in lump sum form or incomr form
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.
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