Term vs. Whole Life Insurance
Considering life insurance? Use this information to understand term and whole life insurance. Learn how the coverages work and what makes term and whole life insurance different.
July 27, 2022
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What’s the difference between life insurance with no medical exam and life insurance with no health questions?
These days, many insurance companies offer customers options to the traditional ways of applying for life insurance, which included getting a medical exam and answering detailed health questions. Today, both term life and whole life insurance are sometimes available without a requirement for an exam and, in some cases, with only a few health questions or none at all. But there are key differences between the different options. Understanding them will help you choose the policy that’s right for you.
What’s the best way to buy insurance?
First time buying insurance? You might feel like you’re in a bit over your head figuring out where to start. Your parents or grandparents might have had one trusted insurance agent that they used for many years—or even decades—for all of their insurance needs. These days, you have a lot more options for buying insurance. But what’s the best way? The good news is, it’s up to you.