The Insurance agent then provides the Jacobs with Six different term life insurance quotes for the exact same death benefit amount, $ 500,000 and the exact same term length, 20 years. (wholevstermlifeinsurance.com)
Due to the fees and the extra feature, a whole life insurance policy can cost four times as much as a term life policy (for the same death benefit amount). (policygenius.com)
Many people buy term insurance coverage when they are in their 20's or 30's because it appears more affordable when compared to a cash value or permanent life insurance policy with the same death benefit amount. (term-life-online.com)