Find & compare doctors, hospitals, & other providers. Hospitals, nursing homes, home health agencies, medical item suppliers, health care providers, health and drug plans, dialysis facilities. What Part A & Part B doesn't cover. Learn about what items and services Medicare Part A and Part B doesn't cover.
The easiest way to remember the difference is to think of term as temporary insurance and whole life as permanent insurance which remains in force until the day you die, or until you are 120 years of age, whichever comes first.
For younger people in relatively good health, term life insurance has long been the option of choice. Covering a specific number of years and maintaining no cash value, the premiums on term policies are usually less than those of whole life insurance. With term life insurance coverage ranging from one to 40 years, choosing the right length can seem like guesswork. The best term length is not a one-size-fits-all proposition, says Matthew Russell, a Certified Financial Planner in Kingwood, Texas. However, there are ways to narrow your choices.