The Great Debate: Term vs. Life Insurance
http://insureme.us/great-debate-term-vs-life-insurance/
It’s always been the question of all time, whether to get term or life insurance, and if getting term insurance, should you invest the difference? To make sure that we are on the same plane here, term life insurance is designed for a specified time period, and offers no cash value. Known to be a lot cheaper than whole life insurance, it is a more popular choice with consumers. It is used to provide coverage for financial responsibilities such as mortgages, educational expenses, and the like. Whole life insurance on the other hand, refers to an insurance policy that covers the insurer for life. Although more expensive than term life insurance, it offers a cash value that earns more over time. In addition to having a fixed-death benefit, your beneficiaries will also receive the balance of the savings account that has accumulated in value over time.
Walang komento:
Mag-post ng isang Komento