Term vs Whole Life Insurance Policy
Life Insurance is a way to safeguard your future. From helping pay off debts to ensuring that you have a comfortable life in the future or when you old, there are plenty of buying a Life Insurance Policy from a credible insurance company.
There are two types of life insurance that you can buy – Whole life insurance and Term Life insurance. While the Whole Life Insurance Policy covers you for your life; the term life insurance covers you for a fixed-term period. Undoubtedly, the former has a higher and long-term premium; while the latter is much cheaper and the premium needs to be paid for a specific period.