Which is better term or whole life insurance? The premiums on whole life insurance (sometimes called cash value insurance) are generally more expensive than term life for a couple of reasons. Whole life coverage lasts throughout your entire lifetime. ... Because you'll have zero debt, a full emergency fund and a hefty amount of money in your investments, Life Insurance Guide, Insurance
What does a life insurance policy cover? What does life insurance cover? Life insurance is a way of helping your family cope financially when you die. It is int... more