Term Life Insurance
- The lease expensive form of insurance
- There are no cash savings
- No cash back
- Premiums begin to increase after "X" amount of years
- Temporary coverage only
Whole Life Insurance
- A fixed account attached to the Life Insurance
- The whole contract is guaranteed (principal & interest)
- Tax free accumulations and tax free withdrawals
- Cannot lose money
- Policy can be paid up in "X" amount of years
Whole Life get two thumbs up!!
Please visit FreeLifeQuotesNY.com for more information
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Very nice post. You have clearly made the difference between these two life insurance policy types that gave me a clear picture to choose the best one. I agree that whole policy do have more benefits and have got two thumbs but still I feel that term policy is better as they are fitting to my requirements.
ReplyDeleteVery nice post. You have clearly made the difference between these two life insurance policy types that gave me a clear picture to choose the best one. I agree that whole policy do have more benefits and have got two thumbs but still I feel that term policy is better as they are fitting to my requirements.
ReplyDelete