Knowing which Type of Life Insurance is Right for You

Financial Friday with Modern Woodmen

Posted at 10:58 AM, May 08, 2020

Although we may not always want to think about life insurance and what it means for us, it’s important to make sure you’re choosing the type of life insurance that fits your needs. Rick Olson, with Modern Woodmen of America, shares the pros and cons of term versus permanent life insurance, and if one is better than the other.

For more information, visit Rick’s page at Reps.ModernWoodmen.org/rolson.

Term Insurance ~ least expensive and has an endpoint

Whole Life insurance ~ builds cash value with a level premium that remains the same with no endpoint.