Q&A Topics

Monday, October 19, 2009 11:47:28 AM

What is the difference between term and whole life insurance?

Term life insurance is the most basic. The insurance company pays your beneficiary if you die during the time period of the policy. Whole life (or permanent) insurance pays whenever the insured individual dies.

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Laura Adams is a personal finance expert, award-winning author, and consumer advocate. As Senior Insurance Analyst, she represents insuranceQuotes in the media and works to make sure consumers protect their financial futures by having the right kinds of insurance.

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