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.
Length of coverage. Term insurance provides coverage for a specific period, such as 10, 15, 20, 25 or 30 years, and is renewable after those terms are up. Permanent insurance, which includes whole life and universal life, is designed to provide lifelong financial protection as long as the policy is in force.