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	<title>New answer on: Which Is Cheaper Term Or Whole Life Insurance?</title>

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		<title>By: Larry Gilmore</title>

		<link>https://www.insurancelibrary.com/life-insurance/which-is-cheaper-term-or-whole-life-insurance</link>

		<dc:creator>Larry Gilmore</dc:creator>

		<pubDate>Thu, 16 May 2013 14:33:36 +0000</pubDate>

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		<description><![CDATA[Which is cheaper term or whole life?  How long do you want the policy? The easiest way to think abut it is term is the cheapest for the short term and whole life is the cheapest for the long term.  Depending on how you establish your dividend payouts you can even create a whole life that is the most expensive the day you buy it and there after gets a lower premium year by year. Term in reverse]]></description>

		

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		<title>By: David Racich</title>

		<link>https://www.insurancelibrary.com/life-insurance/which-is-cheaper-term-or-whole-life-insurance</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Thu, 16 May 2013 12:34:25 +0000</pubDate>

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		<description><![CDATA[Depending on your age, guaranteed level term life insurance can be purchased up to 5 to 30, sometimes even 40 years. If you purchase a term contract with a conversion clause, you have the option to extend term coverage to permanent coverage within the window of convertibility. Strictly on the basis of your question this is the economic way to go. However, if you have permanent financial liabilities and your beneficiaries would suffer economic loss at your demise, then you should purchase guaranteed universal life.
 ]]></description>

		

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		<title>By: Jerry Vanderzanden, CLU, ChFC</title>

		<link>https://www.insurancelibrary.com/life-insurance/which-is-cheaper-term-or-whole-life-insurance</link>

		<dc:creator>Jerry Vanderzanden, CLU, ChFC</dc:creator>

		<pubDate>Thu, 16 May 2013 12:02:55 +0000</pubDate>

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		<description><![CDATA[Comparing term and whole life on cost depends on the time period of measurement. At most ages, the first year term premium for a newly issued, underwritten policy is going to be less than the same for a whole life policy. But it isn&#039;t a good comparison. Term is what you buy for temporary needs where the coverage need is know up front. Whole life is priced for a premium that will be level to age 100 and beyond and provide coverage that you cannot outlive. It starts out higher but ends up being less than premiums for term later in life. Whole life for lifetime needs will always cost less than the term costs for lifetime.]]></description>

		

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		<title>By: Ted Ratliff</title>

		<link>https://www.insurancelibrary.com/life-insurance/which-is-cheaper-term-or-whole-life-insurance</link>

		<dc:creator>Ted Ratliff</dc:creator>

		<pubDate>Thu, 16 May 2013 11:55:16 +0000</pubDate>

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		<description><![CDATA[In the initial years term is cheaper.  However if you need the insurance for long term needs term insurance gets unaffordable in later years because the premium will increase with each term.  Some policies cannot be renewed after a certain age.  Whole life premiums are more per month, however the premium never increases and the cash value build up can make the total net premium far less less than term in the long run when you subtract the cash value from the total premiums paid.  Which is better?  It depends on the reason for the policy.]]></description>

		

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