What Is Whole Life Insurance Vs Term?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaThis is the classic argument between purchasing whole life insurance for coverage and cash accumulation versus buying term life insurance for coverage and investing the difference (of what you would have paid into the whole life policy) to a qualified retirement plan.Answered on June 29, 2013+01+1 this answer
0flag this answerview more answers by David Racich
1976 POINTSview profileRonald HinchRegional Marketing Director, Capital Choice Financial Group,Whole life insurance is a policy that bundles life insurance with a cash value and this is a very expensive way to insure yourself giving you a policy that is much lower than needed because the cost is so high. Term insurance offers you a more affordable way to cover all of your needs like paying off debt, replacing income, paying off mortgage, and providing for college for the kids. You do not need life insurance for your entire life. Buy term and invest the difference is the best answer to financial security.Answered on April 12, 2016flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
