What is Term Life Insurance and Whole Life Insurance?

these question what's the difference between Humana term life insurance and Humana whole life insurance the simple answer is that they are both types of life insurance and life insurance can take care of your family's finances in case you die if you aren't around anymore life insurance can help make sure there's some money available to do things like send your children to college and make your house payment most of us avoid thinking about life insurance because we don't like to think about well our own deaths then what's the difference between term life insurance and whole life insurance whole life insurance stays with you providing benefits to your loved ones at the time of your death whenever that is term life insurance on the other hand provides coverage and benefits to your survivors during specific shorter timeframe that you choose like 10 years or 20 years it's sort of like buying vs renting with holy you are protecting your loved ones for your entire lifetime without risk that the price will go up term life on the other hand is like renting because it gives you covered during the specific number of years you need it the most but which type of life insurance is best for you. Term life or whole life to make it easier to explain let's take a look at and her husband Tim have jobs that pay pretty well and they have two kids at home Johnny and
Vanessa and her team dies unexpectedly they know it would be tough to keep paying all the family will make the house payment and send their kids to college so what kind of insurance and Tim need to figure it out they did the math it will be 15 years before Johnny and Vanessa are both done with college so and Tim decided that if one of them dies and if they want their family to be able to stay in their house and stay active in the same activities they each need a 15 year term life insurance policy so that if one or both of them dies their family's finances will be a little easier but what happens after 15 years when they return policy expires this is where whole life insurance can help whole life covers you bring your whole lifetime once you have it it's there for you and doesn't have a time limit liked her life does because an intense still want some life insurance in their later years each of them also bought a smaller whole life insurance policy to cover funeral costs and other personal or family spends is no matter when they die and Tim feel a lot better knowing that there​