Life insurance protects your family's financial future. Understanding term vs. whole insurance helps you choose the right coverage.
Term Life Insurance
Term insurance covers you for a specific period (10-30 years). It's affordable and straightforward. Best for most people.
Term Insurance Pros:
- • Affordable premiums
- • Simple to understand
- • High coverage amounts available
- • Excellent for young families
Whole Life Insurance
Whole insurance covers you for life. It builds cash value. More expensive but offers permanent protection and investment component.