03/22/2023
The difference between term and whole life insurance can be boiled down to cost and length. Term life insurance is cheaper than whole life and covers you for a set period of time. Whole life insurance typically lasts your entire life and can build cash value, which makes it a more complex and expensive product.
With either policy, your loved ones can spend the payout — called the death benefit — on a variety of costs, such as funeral expenses, mortgage payments and college tuition. But depending on your coverage needs, one type of life insurance may be a better fit than the other. Contact us today to learn more at DrissInsurance.com