Whole Vs. Term Life Insurance: Which Is the Right Choice for You?

The Seattle Medium

Center

High Factuality

Whole Vs. Term Life Insurance: Which Is the Right Choice for You?

Finances FYI Presented by JPMorgan Chase According to a recent LIMRA and LIFE Foundation study, more than 50 percent of American respondents overestimated life insurance costs by three times or more than the actual amount. Most policies average between $40 and $55 a month, depending on the coverage type. This discrepancy in cost expectation can lead to putting off coverage or dismissing life insurance as an unaffordable luxury exclusively for th…