Want Pure Protection At A Reasonable Price? Choose Term Life Insurance April 20, 2008
Posted by Vedis in : Insurance , comments closedNo doubt, whole life insurance provides cash value that can be used to achieve multiple goals in your financial plan. But hubby and I still prefer term life insurance to whole life insurance.
Cash value life insurance is not a good investment vehicle, and it should never be considered as an investment. Investments in unit trusts or mutual funds yield higher returns if compared to cash value life insurance.
If you just want pure protection at a reasonable price, then choose term life insurance. Once you decide on the death benefit amount that you need, and the length of time that you want coverage, choose the policy with the lowest premium by getting at least three insurance quotes online.
