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)
You can see the monthly cost is lower for a Universal Life versus a Whole Life policy — when comparing the exact same death benefit. (locallifeagents.com)
Due to the lifetime coverage and cash value, whole life insurance costs considerably more, meaning it can easily come to 10 times the cost of a term policy with the same death benefit. (valuepenguin.com)