Life Insurance Q #04: What Life Insurance Should I Get?

Picking the suitable type of life insurance can be confusing though it’s also a crucial decision.

Here are the guidelines that can assist you to narrow down your most suitable life insurance choices.

Term life insurance VS Whole life

You need term life insurance for a specific period VS you need whole life insurance for as long as you live.

You need term life insurance if you need a large amount of life insurance but have a limited budget VS you need whole life insurance if you want to earn a savings element that will rise on a tax-deferred basis and could be a basis of borrowed funds for a type of purposes.