Term Life Insurance Vs Whole Life

Life insurance consists of various types of products each have different benefits to meet a variety of needs and skill level of the community. There are basically 2 types of life insurance that is Traditional Insurance and insurance link units (modern).

Life insurance Term Life (Futures) and life insurance Whole Life (lifetime) is included in traditional life insurance. Before you decide to choose a life insurance product where appropriate, we should adjust in advance with our needs.

Term Life Insurance (Life Insurance Futures)

usually required by the prospective holder of the insurance policy:

· Need temporary protection (period of time)

· Have little income but requires maximum protection

· Interested in maximum protection with low premiums

Whole Life Insurance (Whole Life Insurance)

usually required by the prospective holder of the insurance policy:

· Want to prepare the legacy

· Need financial protection for the long term


Judging from the description above, it is clear that both types of insurance have different provisions, therefore it's good if you consider well and match your needs with the kind of insurance that will be selected.

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