Thread: Life insurance?
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Old 10-24-2012, 08:05 PM   #3
Porkchopsbimmer
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I am a Financial Advisor with my Life Insurance license. Basically what Glockman said is right on point.

Term life is cheaper because it is for a specific term. It's only pure insurance, no saving abilities. Good option for an outstanding mortgage on a home.

Whole life covers you for your 'whole' life, as long as you pay your premium. It also accumulates cash within the policy, like a saving feature.

How old are you? Also what kind of loans do you have outstanding, PM me and I can give you an idea on what is a right price, I can search about 250 carriers and let you know what is a fair quote.
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