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Friday, May 17, 2013
What is the difference between Term and Whole Life Insurance?
Term Life Insurance Whole Life Insurance
Term life insurance gives you protection for a specified period of time only and at an affordable cost.
Whole life insurance gives you protection for your entire life and also will accumulate a cash value that the policy owner can borrow against.
This option is right for you if you.....
Want reassurance that your family will have the needed cash in the event of your death.
Want to supplement your current coverage.
Want a lifetime policy.
Want an investment as well as life insurance.
What are the benefits to consider?
No extensive medical checks.
Premiums do not increase over time.
Able to borrow against.
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