(a) Whole life insurance has a savings component and term life insurance does not. What are...

(a) Whole life insurance has a savings component and term life insurance does not. What are the advantages of saving within a life insurance policy?

(b) Provide an example of a family situation for which you would recommend term life insurance and include the disadvantages of the savings component in whole life.

Expert Solution

jeff jeffy answered 1 year ago

What is better whole life or term insurance?

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