Whole life insurance coverage secrets maximize your savings effortlessly
Cost Considerations
Whole life insurance is generally more expensive than term life insurance due to its lifelong coverage and cash value component. However, the long-term benefits can outweigh the higher initial costs. On average, a whole life policy can cost five to fifteen times more than a comparable term policy4. It's crucial to evaluate your financial situation and goals to determine if whole life insurance is a suitable investment for you.