It sounds simplistic, but say you had the choice between a 20 - year term policy that cost $ 200 per year term and a $ 1,000 per year whole policy. (valuepenguin.com)
Whole policies vary quite a bit, but at their most basic, they are made to cover you for your entire life. (netquote.com)
First off, whatever you do, do not just buy the first whole policy from the first insurance agent that you speak with. (wholevstermlifeinsurance.com)