I Prefer Term Life Insurance

November 26, 2007

I bet everybody know what is Life insurance and what their protection is. However, do you understand the different of Term Life insurance and Whole Life insurance? Frankly, I am not 100% understand them; however, I pick term life insurance over the whole life insurance. I think which type of life insurance to pick is depends on what you require for the return.

For me, I wish to protect my family members, especially my young children if I am not alive anymore. So that, they could continue to grow without financial problem. I do not think I have to provide them financially when they grown up. I probably will use get the money after my term policy expires to plan a long luxury vacation for John and me.