Answered

Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Discover solutions to your questions from experienced professionals across multiple fields on our comprehensive Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.

what's the key difference between term life insurance and straight life insurance

Sagot :

nini092608

Answer:

Term life is “pure” insurance, whereas whole life adds a cash value component that you can tap during your lifetime. Term coverage only protects you for a limited number of years, while whole life provides lifelong protection—if you can keep up with the premium payments.

Explanation:

I have learned about this before. UwU

DrippQueenMo

Answer:

Explanation:

Term life is “pure” insurance, whereas straight life adds a cash value component that you can tap during your lifetime. Term coverage only protects you for a limited number of years, while straight life provides lifelong protection—if you can keep up with the premium payments.

The primary difference between straight life and term insurance is the duration of the policy. A whole life insurance policy ends when you die, while a term life insurance policy lasts for a pre-determined period of time. Another important distinction of straight life policy is the cash value that accumulates over time.

Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.