Many people often struggle to decide which is better for them: Term Life Insurance or Whole-Life Insurance. Both policies exist to serve specific purposes. Term life insurance is simply life coverage only. When the insured person dies, the face amount of the policy is paid out to the main beneficiary. A term life policy can […]
The Differences Between Term and Whole-Life Insurance Read More »
Many people prefer term life insurance policies to whole life, because you get maximum insurance for the amount spent. However, one benefit that whole life offers that is often overlooked is an exception from bankruptcy. If you are forced to declare bankruptcy, you can usually retain at least a portion of your life insurance proceeds and value, though it
Whole Life Insurance Policies and Bankruptcy Read More »
Term vs. Whole Life Insurance Let’s start with Whole Life, a type of insurance which, like its name suggests, is designed to cover you for the remainder of your life. The idea with Whole Life is that though you pay more than you would with Term Life, the extra money gets invested for you by
Term vs. Whole Life Insurance – What Should You Choose? Read More »
