There are only a few guarantees in life: Black is always in style, “Bohemian Rhapsody” will always be the greatest song ever sung and we will die one day.
Yes, eventually, we will all pass away. It’s the fate we as humans dread most. I know many of us prefer to go about life as if it’s never going to end. But the harsh reality is that it will. I’ve never really thought of what I will leave behind for my loved ones. Have you?
A great majority of us will leave behind family, friends, and unpaid debts like funeral expenses, mortgage payments, medical bills, etc.
The last thing we want to leave our loved ones with are financial burdens. The best course of action is to have a plan ready. When I say plan, I mean specifically investing in a life insurance policy. But which one is right for you?
Before considering life insurance, you should first determine which policy type most suits you: term life insurance or whole life insurance. Let’s discuss the difference between the two.