Which Life Insurance Is Best Whole Or Term?

  1. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! Both types of insurance have their plusses, and minuses. The term policy might be best for you if you are looking to insure against some form of debt, like a mortgage, that you want to be sure is paid off. It might also be the right policy for you if you are short on cash, but want coverage. The whole life policy may be the right policy for you if you are looking for the security of knowing that you are protected for the duration of your life, or if you want the security of knowing that you have a source of quick cash if you need it. In some cases, a mix of both might be the right answer for you. If you'd like to discuss your specific need, contact me, and I'll clear some time on my schedule for you. Thanks for asking!
    Answered on June 18, 2014
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