Key Differences
– Term: 10–30 years
– Whole: lifetime coverage
– Term: no cash value
– Whole: builds cash value
Cost Comparison
– Term is 5–15× cheaper
– Whole has higher premiums
Term vs. Whole Life Insurance: Which Fits You Best?
Key Differences
– Term: 10–30 years
– Whole: lifetime coverage
– Term: no cash value
– Whole: builds cash value
Cost Comparison
– Term is 5–15× cheaper
– Whole has higher premiums
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