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Term Life or Whole Life Insurance: Which One Should I Choose?

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Term Life or Whole Life Insurance: Which One Should I Choose?

Life insurance is a policy where the provider is obligated to pay a sum of money to the listed beneficiaries after the policyholder’s death. The policyholder makes periodic payments, known as a premium, to the insurance company until his or her death. Note that not all life insurance policies will kick in after death because some have specified term periods, which will be terminated if the insured person lives beyond the insured term.
What Are Term Life Insurance and Whole Life Insurance?
Term life insurance is a policy that covers a specified term, usually between […]