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Why is term life insurance better than whole life insurance?
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23 votes
Why is term life insurance better than whole life insurance?

User Jeeten Parmar
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1 Answer

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17 votes

Answer: Term life is “pure” insurance, whereas whole life adds a cash value component that you can tap during your lifetime. Term coverage only protects you for a limited number of years, while whole life provides lifelong protection—if you can keep up with the premium payments.

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User ARTLoe
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