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What is the difference between term and whole life insurance?
  Term Life Insurance Whole Life Insurance
What is it? Term life insurance provides protection for a specified period of time (e.g., 5, 10, 15, 20, or 30 years) at an affordable cost. Whole life insurance provides protection for your entire lifetime and accumulates a cash value that the policyowner can borrow against.
Who should consider this coverage?
  • Want to protect your family from financial hardship in the event of your death
  • You are underinsured and want to supplement your coverage
  • Have a long-term need for life insurance
  • Want to accumulate cash value to borrow against to provide funds for education, retirement or other future goals
What are the benefits?
  • More affordable than whole life insurance
  • No medical exam required in most cases
  • Independent from employment and/or pension plans. You own it.
  • Free Look Period
  • Premiums do not increase with age
  • Builds cash value
  • Independent from employment and/or pension plans. You own it.
  • Free Look Period
What are the considerations?
  • Does not build cash value
  • Coverage ends when policy expires
  • Premiums may increase with age
  • Initially higher premiums than term coverage
What are the next steps? Learn more about our term coverage products Learn more about our whole life coverage products
Need assistance? Call us at 1-800-362-6900 or e-mail us now.