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What is the difference between direct term life ...

what is the difference between direct term life insurance and whole life insurance ?


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Whole life insurance is a permanent type of insurance that remains effective until your death, even after you have paid all of the premiums. Term life insurance is a temporary type of insurance offered in 10, 20 or 30 year "terms." A term policy remains in effect throughout the term that you have purchased.
Posted 2009-11-12T18:13:12Z
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Direct term life insurance is life insurance you can apply for online.

Term life insurance is temporary life insurance usually for 1-30 years, with no cash value inside, only life insurance protection.

Whole life insurance provides lifetime coverage as long as you pay your premiums, and builds cash value inside the policy.

Permanent life insurance may cost up to 2-3 times more than term life insurance .
Posted 2009-11-15T19:53:58Z
hadley was invited by Yedda to answer this question.

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