Official Life Insurance
Buyers Guide

This free information guide will link you to all of your insurance needs.
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Links below will quickly guide you to online quotes for your insurance.
If you are looking for life insurance, this link will take you directly to an
easy-to-use QuoteTermLife Instant Term Life Insurance Quote Form.

QuoteTermLife, Inc.
P.O. Box 871106
Canton, MI  48187

CONTACT US FORM

- visit: http://www.quotetermlife.com

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Term Versus Whole life insurance

Young families with large financial obligations usually buy term life insurance. The lower premiums enable them to purchase more coverage to protect against loss of income. Additional investment funds can be placed in other vehicles like mutual funds, money market accounts, etc. that are likely to generate returns similar to or better than life insurance contracts. Cash value insurance is sometimes purchased by people for tax and estate planning purposes. You should consult with your financial advisor.

Term insurance or temporary insurance covers the insured against death for a limited time called a "term". The term might be until children are grown, college is paid or retirement entered, etc. The policy is paid for only when the coverage is in force and at the end of the term, or upon non-payment or cancellation,  the policy expires. If no claims are made during the term, you do not receive benefits after the policy expires, just like auto or homeowners or renter's insurance.

Whole life insurance or permanent insurance does not expire if  you continue to pay the premiums. It provides coverage similar to term insurance, but it also provides works as an investment tool. A portion of the premium goes toward insuring your life while the other is placed in an investment account. This investment account can be either an interest bearing account or a stocks and bonds investment account.

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