Two common types of life insurance, term life insurance and whole life insurance, can be useful coverage for many people. However, term and whole life insurance function very differently.

Learn about our editorial policies Term life and whole life are two of the most common types of life insurance policies—providing a tax-free payout to your loved ones if you die. Term life ...

they're still much more expensive than term life insurance (easily three to four times the cost), but you save money, as there's little to no investment component. Whole life insurance policies are ...

My husband wanted term life insurance, but I wanted whole life insurance. Before buying policies, we decided to speak with CPA and CLU Eleanor Johnson, founding principal at Highland Capital ...

A life insurance policy can provide your family with financial support after you die. Life insurance can help your beneficiaries with funeral costs, mortgage payments and other expenses. Term life ...

After all, there are many flavors of term and whole life insurance. And since you can’t see into the future, it’s really hard to know just which option (and length in the case of term ...

A guaranteed death benefit amount. Whole life insurance is more expensive than term life insurance because people with a whole life policy are guaranteed to have a death benefit when they die.

Term life insurance locks in your rate and coverage for a specific timeframe. Whole life insurance usually lasts a lifetime and includes a cash value component. Your budget, family needs and ...

If you’re shopping for a life insurance policy, you’ve probably seen term and whole life insurance policies. The biggest ...

Ashlee is an insurance editor, journalist and business professional with an MBA and more than 17 years of hands-on experience in both business and personal finance. She is passionate about ...

Whether you need term or whole life insurance depends on your personal circumstances and financial goals. Read this guide to learn their features and benefits and how to decide which to purchase.

Term life insurance vs whole life insurance: key features Term life insurance lasts for a fixed period of time, usually 10, 20, or 30 years. While permanent life insurance provides coverage for ...