What is the difference between term and whole life insurance?
Term life insurance provides coverage for a specific period, while whole life insurance covers you for your entire life.
Which one is better for me?
It depends on your financial goals. Term is usually cheaper and good for temporary needs, while whole life builds cash value.
Can I convert term insurance to whole life later?
Yes, many term policies offer a conversion option to switch to whole life without a medical exam.
What are the costs associated with whole life insurance?
Whole life insurance typically has higher premiums due to its lifelong coverage and cash value component.
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