Term and whole life insurance might sound like they are the same thing, but they are actually different. Many people are not too clear on their differences.

Whole Life Insurance

This policy will provide coverage for the person insured for lifetime as long as the policy still in effect. To keep the insurance in effect, the person just has to pay premiums. Some of the policies can be paid of over a period of time, i.e. the person can choose to pay all the premiums of the insurance over a one or two decades and they can rest assure that they are covered by a insurance notwithstanding how long they may live.
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