Which is better and why: term or whole life insurance?

Term life insurance is cheap because it's temporary and has no cash value. Whole life insurance costs more because it lasts a lifetime and does have cash value. Compare cost and policy features for term vs. whole life insurance. read more

Combining whole life (or any type of permanent life insurance) with a term policy can be a good approach if you need (or want) some amount of life insurance coverage in place no matter when you pass away. read more

For example, a “blended” policy combines whole-life and term-life into a single policy. This kind of policy may generate higher near-term cash values and higher death benefits at life expectancy than whole life alone. Blended policies are sold by many highly rated insurance companies, including Northwestern Mutual, Guardian and MassMutual. read more