Should you buy term or whole life insurance?

Buying life insurance can be a little confusing if you do not understand all of the different options.  The two most popular types of life insurance are whole life and term life.  So, how do you know the best option for you?

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  • Term life insurance will cover you for a specific period of time.  Your monthly or annual premium will always be the same throughout the entire term of the policy.  One of the best features of term life insurance is that it is very affordable.  If you are young and healthy, you can get a high dollar amount of coverage for a very reasonable premium.
  • Whole life insurance covers you for your whole life.  As long as you continue to pay your premiums, or if they are paid up in advance, you can live to 100 and still have the coverage you bought at the age of 25.  Whole life insurance is more expensive than term life, but it has the advantage of building up cash value over time.

Each situation is specific to the individual.  At Legacy Insurance Partners, in Denton County, Texas, we can explain all of the advantages of both term and whole life insurance.  Please contact us and we will be happy to assist you with obtaining the most appropriate type of life insurance for you.


Legacy Insurance Partners, 1205 W. Trinity Mills Rd #210, Carrollton, TX 75006

Legacy Insurance Partners

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