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.
While the length of the term and other specifics vary, the death benefit in a term life policy can stay the same for as long as 30 years. Term life coverage tends to be less expensive than whole or universal life coverage and is favored by consumers who know they want life insurance only for a specified period of time. renewable term life insurance policy available through Matrix Direct continues in force for a specified term or terms, usually in increments of one or five years. It can be renewed without the insured having to undergo a medical examination or provide other evidence of good health or insurability each year.