Agent, Rural Mutual Insurance Co., Union Grove, WI
That is a matter of personal opinion. I would recommend whole life insurance first. Whole life insurance has a lot more going for it in the long run. It typically builds cash value, is set to active until age 125 (as of now), and it also has other benefits depending on the carrier. Whole life insurance is typically the more costly option of the two types.
Term life insurance will typically allow someone to secure higher dollar amounts in coverage but at a lessor cost than whole life insurance, but it remains active for a set period of time. Typically 10,20, or 30 years.
Most people opt for a combination of whole and term life insurance to meet their needs. Contact a local agent to discuss yours and your family's coverage needs.
.JPG){kind=avatar}
Term life insurance will typically allow someone to secure higher dollar amounts in coverage but at a lessor cost than whole life insurance, but it remains active for a set period of time. Typically 10,20, or 30 years.
Most people opt for a combination of whole and term life insurance to meet their needs. Contact a local agent to discuss yours and your family's coverage needs.