Term life insurance is the simplest and least expensive form of life insurance. It does not build cash value like permanent life insurance policies do. Term life insurance has one purpose, to protect your spouse or whomever you designate as your beneficiary against the loss of income and final expenses that your death would incur [...] Read more »

Whole life insurance provides permanent protection for those dependent on you while building a cash value savings account. Traditionally, a (WL) policy guaranteed coverage until age 100. At that point, if the insured was still living, the policy would endow or pay out the full face amount to the insured or to the designated beneficiary. [...] Read more »