Should I get term or whole life insurance?

Term protects you for a set number of years and costs less. Whole life covers you for life and builds cash value. David helps you match the type to what you want the policy to do.

More detail

Here's a common example. A couple in their 40s with a mortgage and kids at home often needs a lot of coverage for a set number of years, until the house is paid off and the kids are grown. Term generally gives the most protection for each premium dollar, so it often fits that need.

Someone who wants coverage that lasts no matter how long they live, maybe to leave money to family or cover final expenses, may lean toward whole life. Premiums are higher because part of what you pay builds cash value.

Things to watch with term: • Premiums usually go up when you renew at an older age • Many term policies can be renewed even if your health changes, but at the end of the term you may need an exam to continue • If your health gets worse, a new policy may be hard to get

What to have ready: your goals, how long you need coverage, and your monthly budget.

Let's talk about what you want your coverage to do, and we'll find the fit together.