Is term life insurance better than whole life?
Answer stability
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Follow this question →The bottom line
Reviewed against multiple sourcesTerm suits most temporary needs at lower cost; whole life fits specific permanent goals. Verify which matches your needs.
Why we believe this
AI models generally agree term life is cheaper and sufficient for most people's temporary needs, while whole life is more expensive and suits specific estate or permanent-need cases. The 'better' choice depends on your goals and budget.
Supporting evidence
A fee-only planner
For unbiased comparison.
Insurer illustrations
To compare real costs.
What could change this answer
- Your coverage duration needs.
- Your budget and goals.
- Whether you have a permanent need (e.g. estate).
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FAQs
Why do agents push whole life?
It pays higher commissions. Get a fee-only opinion and verify whether you actually need permanent coverage.
Is term 'throwing money away'?
No more than any insurance you don't claim. It covers a real need cheaply — verify the trade-off.