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Life Insurance

Term vs whole life insurance

Written by • Edited by • Last updated on January 12, 2024

Term life insurance guarantees a payout if the policyholder dies within a set term, typically 10-30 years. Whole life insurance guarantees a payout no matter when the policyholder dies, and its premiums are therefore more expensive. Term is the best choice for most people, while whole is the right fit in relatively rare circumstances.

The average cost of life insurance by age

Written by • Edited by • Last updated on January 29, 2024

Life insurance costs can vary widely, depending on your age and lifestyle, and whether you’re seeking term or whole life insurance. But no matter what, it’s best to apply sooner rather than later — youth is on your side when it comes to getting the best rates.