Compare Whole Life Insurance with Term Insurance and Explain Why

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The Answer is Term insurance is coverage for a specific period of time,like renting an apartment.At the end of the apartment lease,you would need to sign another lease.At the end of the term insurance period,you would need to purchase another policy if you still wanted the coverage.
Whole life insurance is like buying a house because it allows you to accumulate cash value (like equity in a house)and at death you have a benefit (like the value of the home).

Compare Whole Life Insurance with Term Insurance and Explain Why

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