What are 2 main differences between the types of life insurance policies?

What are 2 main differences between the types of life insurance policies?

As you can see, while they both offer a death benefit, term and whole life policies really serve two distinct purposes. Term policies offer the lowest premiums, but coverage only lasts for a fixed amount of time. On the other hand, whole life is more expensive, but coverage is permanent.

See also  Is Cigna in New York?