Term vs. Whole Life Insurance — What’s The Difference?
Understanding the Basics
Term Life Insurance
Coverage lasts for 10, 20, or 30 years
Lower premiums
Great for mortgage protection, income replacement
No cash value — coverage ends after the term
Whole Life Insurance
Coverage lasts your entire life
Premiums never increase
Builds cash value over time
Can be borrowed against or used as savings
Need Best Option
Temporary protection (ex: mortgage) Term Life
Lifelong coverage + savings Whole Life
Budget-friendly family protection Term Life
Leave behind wealth or legacy Whole Life
Which One Is Right For You?
Still Not Sure? Let’s Talk.
Choosing the right type of life insurance can be confusing. I’ll help you compare quotes and pick what fits your goals and budget.
📞 Call or text: 903-222-1937
📧 Email: ChrisPatrick@CovenantCoverageGroup.com
📋 Or Get a Free Quote on main page