For most people, term insurance, which is more
inexpensive than whole life insurance, is actually the better choice.
Not exact matches
While a UL
insurance policy is less expensive
than whole life, it is still not the most
inexpensive form of
life insurance.
All of the information has made it clear that it makes more financial sense to buy an
inexpensive term
insurance rather
than on a
whole life insurance policy.
While a UL
insurance policy is less expensive
than whole life, it is still not the most
inexpensive form of
life insurance.
The premium is usually
inexpensive compared to
whole life, but higher
than term
life insurance.
As an example, if you have
life insurance to pay off your mortgage so that your family can remain in your home should something happen to you, but your mortgage balance will be paid off in ten years, then it may make sense to cover that need with an
inexpensive term policy rather
than a more costly
whole life insurance plan.