Which Life Insurance Is Best Term Or Whole?

  1. 16470 POINTS
    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    That depends on who you ask and your personal situation. Term life insurance can provide you with larger amounts of coverage at a lower cost but is only active for a set period of time. Whole life on the other hand will technically be considered paid up at age 100 or 121 typically and will normally build some cash value over time. There are many more reasons for each type. Please contact a local agent to discuss your specific needs and wants out of a policy so that they can provide you with the best options that they have available.
    Answered on October 16, 2013
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