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Term life insurance locks in your rate and coverage for a specific timeframe. Whole life insurance usually lasts a lifetime and includes a cash value component. Your budget, family needs and financial ...

This type of life insurance refunds your base premiums, but it comes with a significantly higher cost ...

Term life insurance expires after a predetermined time frame but, so long as you keep paying your premiums, whole life insurance will always remain in force. That makes it more expensive, but a whole ...