\”USA Term vs Whole Life Insurance: Know Which One\’s Right for You?\”
In the United States, term and whole life insurance are two primary types of life insurance policies that provide differing coverage and benefits.
Term insurance offers coverage for a specific period, while whole life insurance provides lifetime coverage. Both have their advantages and can be tailored to individual needs. Notably, in 1981, adjustable life insurance emerged as a blend of term and whole life, offering customizable coverage and flexibility.