What type of life insurance do you need?
Term Life – is like renting a home. Whole Life – is like owning a home.
Term–
- Will last for a certain term (like 30years)
- Goes away after term is up
- Is cheaper
Whole Life-
- Is permanent
- Pays at death
- Is more expensive
Call your insurance agent because they have good strategies for utilizing both types of policies for your benefit.