Choosing life insurance? Here’s a breakdown of two main types:
🔹 Term Life Insurance
- Covers a specific period (e.g., 10, 20, or 30 years).
- More affordable but expires if not renewed.
- Ideal for temporary financial responsibilities like mortgages.
🔹 Whole Life Insurance
- Covers you for life with fixed premiums.
- Includes a cash value component that grows over time.
- More expensive but provides lifelong security.
Deciding between the two depends on your long-term financial goals and budget.
