Term Life Insurance vs. Whole Life Insurance

When it comes to purchasing term life insurance vs. whole life insurance the decision typically comes down to cost. While whole life insurance is a guarantee and the cost over your life will be consistent, it is initially often too pricey for many individuals starting a family or whom are recently married. In these cases term life insurance is likely the best route to go to ensure that you guarantee the financial security of your loved ones. As with any major financial arrangement it is important that you do review all of the details so that you have a clear understanding of the terms of your policy and don’t have any unexpected surprises.