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.
1 Permanent life insurance includes a cash value element and term life insurance does not. 2  Permanent life insurance typically costs more than term life insurance. 3  Often people purchase as much permanent life insurance as they can afford and then supplement their life insurance needs with a term policy.