The term versus permanent life insurance debate has been going on for years. We break them both down so you can make an educated decision about which type of insurance works best for you.
Consider term life for:
- Death benefit protection without cash value accumulation.1
- Life insurance on a limited budget.
- Ability to convert to long-term life insurance.
Consider whole life for:
- Long-term death benefit protection.
- Stable cash value accumulation.
- Potential to receive dividends.