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Which is better and why: term or whole life insurance?

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Question added by Thurayya Al Qasim , Legal Counsellor , Ihqaq Law Firm
Date Posted: 2018/02/11
Mario Alessandro FAVA
by Mario Alessandro FAVA , Contract Coordinator , GEOS Groupe SAS

Term life and whole life are two popular variations of life insurance policies. While the basic idea of providing much-needed cash in the event of your death is the same, there are some big differences between the costs and benefits of each one. Here's a rundown of both varieties, so you can make the best decision for your family.

Elsayed Sewilam
by Elsayed Sewilam , مدير مشروع المكافحة بشركة المياه الوطنية بالرياض , مؤسسة غنى الدولية لمكافحة الآفات الزراعية

Term life insurance is easier to understand and costs much less than whole life insurance, but it has an end date.

Mamoun elbaghir abdalla mhamad Eltayeb
by Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

 Thank your invitation . I agree the above mentioned answers .

  Best wishes

 

 

 

best wishes

Sherif Shabaan
by Sherif Shabaan , Green Riyadh.. Site Civil Engineer , Al Fahd Company

I think the most widespread is the insurance on life as a whole, especially in the United States of America because it achieves the full security of the customer and the possession in the event of anything

ايمن محمد عاطف محمد
by ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

The Differences Between Term and Whole Life Insurance    Term life insurance is easier to understand and costs much less than whole life insurance, but it has an end date.

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