Many times a person is thinking about buying life insurance, but just isn’t sure which one to choose. Even worse, some of the language used can be very confusing. Here are some tips for choosing a life insurance.

Term life insurance lasts for a period of time. Once that time is up, so is the insurance. Usually term life insurance is for 10, 20, or 30 years.

Whole life insurance lasts for the life of the insured, as long as they pay the premium.

Term life insurance does not build cash value, but unless you are very your and healthy it is usually less expensive than whole life insurance.

On the other hand, if you would like a plan in place that can be used for protection as well as building cash value, then whole life insurance may be for you.

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