Term plan vs Life Plan
Why choose a whole life insurance policy?
Whole life insurance usually requires a long-term financial commitment with premiums payable over a 5 to 25 years period. However, whole life insurance policies can provide lifelong insurance coverage and financial assurance for you and your family.
Some whole life insurance providers have even more flexible premium terms which allow you to pay premiums until age 64, thereby paying cheaper premiums monthly.
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