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.
Protect Your Family With Life Insurance
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 details.
Life Insurance Need Calculator
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.