Affordable Life Insurance Protection for Your Family

Compare Term Insurance with Whole Life

How to Compare Term Insurance with Whole Life Insurance Plans


If you are shopping for life insurance and want to learn about your options for coverage, you may be wondering what term insurance and whole life insurance are, how they work, and want to learn the benefits and disadvantages of both.

Term life insurance is temporary life insurance for a set period of time. The term is the length of time your life insurance lasts. Term life usually offers coverage for 10, 15, 20 or 30 years.

Whole life insurance provides lifetime protection, as long as you pay your premiums. Whole life cost a lot more than term insurance because it builds cash value inside the policy, and lasts throughout your life.


Main Benefits of Term Life Insurance:

  • Lower Cost – More life insurance protection for your money.
  • Flexiblity – Choose coverage for the time-frame you need it – from 1-30 years.


Main Benefits of Whole Life Insurance:

  • Lifetime protection.
  • Builds cash value inside the life insurance policy over time.


Who Buys Term Life Insurance?

Many young couples, families, and homeowners buy term life insurance to get the most protection for their money while they need the life insurance to protect their family.


Who Buys Whole Life Insurance?

Usually, whole life insurance is purchased to provide money for your final expenses, including burial, funeral, and other related costs.

In addition, some people buy whole life insurance as a form of investment, but you may want to invest your money on your own without paying a life insurance company for low returns.


Can I Buy Whole Life Insurance and Term Insurance?

Yes, many people choose to buy a large term life insurance policy for up to 30 years of coverage while they are young and the rates are low for the maximum amount of protection for their growing family. Learn more about how term life insurance works.

In addition, you can buy a separate whole life insurance policy to guarantee that money will be there to pay for your funeral and final expenses and your family will not have to suffer financial hardship of paying for these costs if you pass away.


Compare Life Insurance Quotes


Top Pick – JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.


Highly Recommended – Globe Life Insurance

Get FREE Information On How $1* Can Buy Up To $100,000 Globe Life Insurance For Adults Or Children

  • No Medical Exam – Simple Application.
  • No Waiting Period. Buy Direct.
  • Rates As Low As $3.49 Per Month.
  • The Globe Life Family Of Companies Has Nearly 17 Million Policies In Force.
  • No Phone Required. No Credit Required.
  • The Globe Life Family Of Companies Has Over $224 Billion Of Coverage In Force.
  • Globe Life Is Rated A (Excellent) By A.M. Best Company As Of August 2023.


Highly Recommended – Mutual of Omaha

Mutual of Omaha offers guaranteed acceptance whole life insurance for people age 45 to 85. Choose $2,000 up to $25,000 of coverage. Rates start as low as $8.84 per month. There’s no medical exam and no health questions. You cannot be turned down. You can get a quote and apply online now. START HERE to get a FREE Quote.

  • Your life insurance policy comes with a 30 day Risk-Free, Money-Back Guarantee


Additional Resources:

Here’s how you can learn more about life insurance:


Compare Term Insurance with Whole

Whole Life Guaranteed Policy


Disclosure: Compensated Affiliate