A Term Life Policy Vs. Whole Life Insurance

It really hinges on what you are in need of, but these policies offer a death benefit, and the whole life policies can offer more benefits and offer more flexibility than the latter policies. Not only that, the premiums tend to be the same for life. Term life policies offer lesser benefits but are also less expensive.

There are typical rules for arriving at how much life insurance you need. Usually, people want to give enough of a death benefit to equate the lost salary and important debts such as rent or mortgage.  This is important so as not to keep their family troubled after they pass on.