Why You May Need Whole Life Insurance Instead of Term

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Why would I consider whole life insurance instead of term life insurance?

Why You May Need Whole Life Insurance Instead of Term

Whole life insurance policies can provide several advantages over term life insurance policies. These include:

- A cash build-up that can be borrowed against at a cheaper rate than a traditional short-term loan.
– A cash build-up that can be settled and given back to you.
– Secure a policy while you are young to have cheaper premiums when you are older.
– Can be paid to your beneficiaries if you die or settled and used to pay for nursing home or medical expenses later.

   

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