Discover the difference between term vs whole life insurance. Matrix Direct can help.
Many people wonder what the difference is between term & whole life insurance. It can help to compare term & whole life insurance to determine which type of life insurance is best for your particular situation.
Whole life insurance is a type of permanent life insurance coverage that provides a guaranteed death benefit along with guaranteed* cash values. Part of each premium payment is applied to the policy's cash value account, which grows on a tax-deferred basis (based on current federal tax laws).
If you need more information about the difference between term & whole life insurance or still need clarification about how to compare term & whole life insurance or which type you should pick, call Matrix Direct. At Matrix Direct, we are an insurance service company that represents established and highly-rated insurance companies. Our licensed life insurance professionals listen to you, and then recommend appropriate life insurance coverage choices for you. For example, we can help explain the difference between term & whole life insurance.
*Guarantees are subject to the claims-paying ability of the issuing insurance company.