Which is better term or life insurance

Term or Whole Life Insurance: Which is Right for You? State Farm

When shopping for life insurance, you'll face several important decisions. One of the most basic is whether you want a term life or whole life policy. Understanding the benefits and risks of each will help you choose the best policy for your current and future financial needs. Term life With term life, you pay premiums for a certain period, say 20 years, and in exchange, the insurer agrees to pay your beneficiaries a stated benefit if you pass away during that time. You'll receive great value. Term insurance can be purchased in large amounts for relatively small premiums. You can match terms to needs. Many people choose to match the length and amount of their mortgage to the term and...

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