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What is the difference between term life insurance vs whole life insurance?

Anonymous

∙ 11y ago

Updated: 9/28/2023

A term life insurance is during the insurer's life only. When he or she is gone, then the insurance ends. The whole life insurance on the other hand has what the term life insurance covers plus more.

Wiki User

∙ 11y ago

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More answers

The basic difference is that a term policy pays upon death or it expires when the term is reached. Whole life insurance gains value like an investment.

Wiki User

∙ 11y ago

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