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Is my life insurance whole life or term?

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Review your policy ... it has to be one or the other ... can't be both at the same time.
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How do term life insurance and whole life insurance differ?

Term is strictly protection. Whole life is protection plus cash value. Cash value is similar a to a savings account within the policy. Part of the periodic premium goes to pay

What is the difference between a whole life insurance policy and a Term life insurance policy?

Whole life insurance provides lifetime protection and builds cash value within the policy. As long as you pay your premiums on time, your life insurance remains in effect. 

I have term life insurance should i also have whole life insurance?

The answer to that question is in the love you have for your family and the character that you do or do not have. Here is the question...Do you want to have life insurance in

Whole life insurance Vs term life insurance?

Whole life insurance is the most expensive type of life insurance. The advantages of a whole life insurance policy include guaranteed death benefits, guaranteed cash values, f

What is the difference between whole life insurance and term life insurance?

Whole life 1) Whole Life is a form of permanent insurance. Permanent insurance comes in a variety of forms, e.g., universal, variable universal, equity-indexed, etc. All have

What is the difference between whole life and term life insurance?

Term insurance can be thought of as "pure protection" in the sense  that it provides only a death benefit, and then, only if the  insured dies for a reason that is not exclu

What is the difference between term life and whole life insurance?

Term life is temporary coverage for a period of time that you choose based on your needs (mortgage paid off, kids finish college, retirement, etc) for 10, 15, 20, or 30 years.

What is the major advantage of term life insurance over whole life insurance?

Cost. Other than that, there are no advantages. Whole life insurance lasts your whole life. It pays upon your death a predetermined amount. Once the designated term on term li

Which is better whole life or term insurance?

It is not really a question of "better", as it is of "different".   Term insurance may be thought of as "pure protection" in the sense that it provides coverage on ones li

What is term and whole life insurance?

Term insurance is written for a specific period of time or until an age certain (the term). It may be for 1 year, 5 years, 10 years or it may be until age 60, 65, 70, etc. At

Can you take money out and then switch from whole life insurance to term life insurance?

Only whole life insurance, not term, accumulates cash value from which a loan may be taken While the loan does not have to be repaid, if it is not, the loan plus accrued inte
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What is the meaning of the term whole life insurance?

Whole life insurance means the life insurance policy that: . normally covers an individual until his or her death, unless it lapses due to non-payment of premium or is cance