1. 0 POINTS
    QualityTermLife
    Online Life Insurance Agency, All 50 States
    There can be a place for Whole Life. With people who are  well-off, it can be a convenient option to insure a business partner or loan, bequeath a charity, pay estate taxes, or leave a legacy to heirs. These folks already have substantial other investments.

    But that is not most people. the typical profile of a term life insurance owner is someone who is a family breadwinner and has minimal savings. It is critical protection. If you are in this category and aren't insured, get insured now! It is simple and inexpensive.

    To prepare you to speak with an agent and to save money, get some life insurance quotes so that you can compare rates. QualityTermLife's website offer at current rates from over 50 top insurance companies. 
    Answered on March 23, 2014
  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Whole Life Insurance covers the person for life.  The premiums remain constant.  If you love someone and anticipate that love will have permanent obligations, then whole life insurance is the cheapest life insurance you can buy.  The reason is simple.  It will pay the death claim.  When you anticipate short term obligations, such as a mortgage or loan, term insurance makes perfectly good sense.  Whole life is designed for those obligations that will not go away.
    Answered on March 24, 2014
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