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What is cheaper? Whole-life or term life insurance?
Best Answer: Term life insurance has lower premiums, but you are comparing apples to oranges. The longer period of time the insurance is guaranteed for ...
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"Cheap" Term vs. Whole Life: Find the Life Insurance that's best for your family.
However, on most cash value policies like Whole Life insurance, the only way to ... This cost is based on the summed cost of each year's annual renewable term rates, with ...
That’s why term life insurance is much cheaper than whole life. So why would you buy whole life? You wouldn’t unless you had no choice. If your family is at financial ...
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Whether term life insurance or whole life insurance is ... Term life insurance is cheaper, but it only lasts for a set number of years, while whole life insurance lasts...
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marybeth 8:03 pm on December 21, 2009
Term life insurance has lower premiums, but you are comparing apples to oranges.
The longer period of time the insurance is guaranteed for typically the higher the premiums. A 30 year term product is more expensive than a 10 year term product. A whole life product will be the most expensive since it covers the longest period of risk.
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Best Wishes,