Term or WHole life?? in SBP and VGLI Issues Forum

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Term or WHole life??

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Weezy	Term or WHole life??		Lead	[-]
Posts: 129 Jun 6 12 9:48 AM	I would like some advice on the life insurance plans below S-DVI $10,000 policy , THANK YA! Which plan seems more beneficial and why if you care to explain??? I was told TERM is better than WHole life! Edited 1 time by Weezy Jun 11 12 11:35 PM.
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SirVivor		#1	[url]	[-]
Posts: 3337 Dec 29 12 1:36 PM	http://www.benefits.va.gov/insurance/s-dvi.asp The basic difference between term and whole life insurance is this: A term policy is life coverage only. On the death of the insured it pays the face amount of the policy to the named beneficiary. You can buy term for periods of one year to 30 years. Whole life insurance, on the other hand, combines a term policy with an investment component. http://www.smartmoney.com/plan/insurance/term-or-whole-life-8011/ And more info... Charlie "Never Look Down on Anybody... Unless You’re Helping Them Up..."
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