Term Life vs Whole Life Insurance

Term life is a popular option for many families and individuals to cover their final expenses and debt and to replace their income for a few years as well.

The benefits of term life include:

• It’s affordable.
• Will cover your funeral and burial costs.
• Can cover outstanding bills and debt.
• Can replace your income for a period of time.
• Typically provides a higher death benefit than whole life.
• You can get some or all of your premiums back if you outlive the policy.

Whole life insurance is a great option for covering children or seniors. Single premium whole life insurance can also double your death benefit.

The benefits of term life include:

• Death benefit is guaranteed.
• Can’t outlive the policy.
• Provides guaranteed coverage for the whole life of the insured.
• Is a great option for covering children.
• Can cover funeral and burial costs.
• Can cover outstanding bills.
• Often used as final expense insurance.
• Single premium whole life can double the death benefit.

If you’re interested in either term life or whole life insurance coverage, give us a call today or fill out the form to the right. Our certified insurance specialists can help you find the coverage that meets all of your budget and coverage needs.

Note: Not all benefits are available in every state. Please ask your insurance specialist for more details.