Whole or term that is the two life insurance policy I am confused with. Some people say it is better to purchase whole life insurance because it guarantees protection until life is over. Term is only a temporary insurance. So, what happens when the policy is about to expire, then you need the insurance.
The argument is that term is far less expensive than that of whole life insurance. So, the difference can be used to fund another investment that yields more as compared to whole. The only problem now, not only all people keenly save the difference. Some finds it impossible to keep the excess money to grow.
From that situation I am a bit confused if I choose term or whole. Anyway, I already asked both term and whole life insurance online quote from one site. I already acquired it before, but I think the rates changes. I’m not pretty sure I can make a decision as to this.
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