Term Life Versus Whole Life

Term Life Versus Whole Life

• Term life insurance is a temporary insurance whereas Whole life policies have a living benefit and an accumulation of cash value for family members after the demise of the policyholder.
• Term life basically provides insurance for the insured and offers only a death benefit.
• Whole life insurance offers coverage for the entire life of the policyholder, term life insurance has a constant period of time where the premium remains flat. Then, the premium increases each year to the point it becomes unpayable or the policy simply ends. Most important aspects of TRD Insurance Banking are to build wealth and improve financial