What is the difference between term and whole life insurance?

Below are price comparisons between term life and whole life insurance. We used 20-year and 30-year term life policies because no apples-to-apples comparison is possible for the length of term life to whole life. read more

Whole life insurance is a continual policy that is paid throughout the entire life of the individual from the moment the payments begin. These premium payments will remain the same and they are often quite a bit higher in cost than a term life policy. read more

Term vs Whole Life What is the Difference Between Term and Whole Life Insurance. John, at age 29, is able to purchase $200,000 in term life insurance for only $13.00 a month—or so says the TV ad. read more