Whole versus Term Life Insurance. Which Type of Life Insurance Policy Meets Your Needs?
The term versus permanent life insurance debate has been going on for years. There’s no one right answer for everyone. Each of us has our own specific needs that life insurance provides for. Both Term and Permanent Life Insurance has advantages and disadvantages. We’ll address both in our review.
Term life insurance is designed to help people buy life insurance protection they need when they can’t afford to purchase all permanent insurance, or when they only need life insurance protection for a specific period of time. Term insurance provides you with a guaranteed death benefit, but no cash value.
Photo: Los Angeles Times