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If you were to obtain life insurance would you look to obtain awhole life or...

If you were to obtain life insurance would you look to obtain a whole life or term policy? Describe each policy, discuss and defend your position. In order to get full points you must answer each element of the question.


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I would obtain whole life insurance policy over term policy because whole life insurance policy because death can occur at any time so In whole life policy we are covered for our whole life and also get the payout means if we dies than our nominee gets the amount which is also tax free while in case of term policy we pay premium for certain period of time in case we outlived our terms of policy then we do not get any pay out.

i do not know how much i would live like i could live up to 85 years or more or less but whole life would make sure that my invested money is safe while in term life insurance i get potential chances of loss of money i invested because of i live longer than the policy terms.

keosha answered 2 years ago
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