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Re: Whole Life Insurance

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Posted by CC on October 24, 2003 at 02:52:45:

In Reply to: Whole Life Insurance posted by Genia Dickens on February 17, 19103 at 14:30:43:

Genia

that depends on what your goals are. Do you need coverage to age 100 (whole life) or does your life insurance need span only a certain number of years? For instance to last until your kids graduate college (10-20 year term) or a mortgage if you just got a new house (30 year term). Maybe
the birth or planned birth of a new child (20-25 year term life).

So it would depend on your situation, there is no blanket yes or no answer. Below are more life insurance sites you can check out:

: I currently have a term life policy, and accidential life insurance. However I have recently been informed that niether of these are actually beneficial to me, since I am pretty healthy and not of old age just et. I am only 42. I was told that the policies should be converted to Whole Life Insurance. I have never been told of this information and would like some general information on the difference between Whole and Term life insurance.




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