What is Term Life Insurance and Whole Life Insurance?

today's question what's the difference between Humana term life insurance and Humana whole life insurance simple answer is that they are both types of life insurance and life insurance can help 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 pays benefits to your survivors during specific shorter timeframe that you choose like 10 years or 20 years is sort of like buying vs renting with whole life you were protecting your loved one 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 who both have jobs that pay pretty well and they have two kids at home Johnny and Vanessa m. Unexpectedly they know it would be tough to keep paying all the family bills make the house payment and send their kids to college so what kind of insurance do an antenna need to figure 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 we​ also bought a smaller whole life insurance policy to cover funeral costs and other personal or family expenses no matter when they die and timba what better knowing that their deaths won't be a financial burden to the family they leave behind so now you know about whole life insurance and term life insurance from Humana until time stay smart and stay healthy​