Are you interested join the the Life Insurance? When you go to the insurance website, you usually confused with the the strange words and that used by insurance company. You usually faced with 2 option, the term insurance and whole life insurance.
Term Insurance
Term insurance is the pure life insurance. It only cover the life insurance and has no other value except the protection for the client’s family. However, it only cover the certain period, not the whole life. Example: If you buy the insurance for just 20 years when you are 30 years old. Your family will only get the money if you left them until 50 years old, but if you left the world in 60 years old, they don’t get any money.
Whole Life Insurance
This insurance really contrast with the Term Insurance. Whole life insurance will protect the family in the Whole life of the client. However, the insurance fee is also far more expensive than the Term insurance because the insured has to pay the fee every month/every year forever in his/her life.
This post is taken from: Cutie Gadget
