Instant no examination term life insurance policy online
Reader question:
Should I get an instant no examination term life insurance policy online or whole life insurance?
Amy
Thanks for asking, Amy.
Well, you can usually only get an instant no examination term life insurance policy online because whole life insurance policies usually aren’t available without a medical exam. However, if you really want to know the difference between the two, I would recommend you buy the term life insurance policy. Once more, it’s the only policy which allows you to buy it without examination, you are buying more coverage with your premiums, you can convert to a whole life insurance policy later on in life or get all the money back that you have paid in, and it’s just a very great, flexible kind of policy.
The main problem with whole life insurance as opposed to instant no examination term life insurance policy online is that whole life insurance is NOT flexible. Yes, it does have a cash value, but after a certain amount of time, most of your premium just goes for upkeep instead of adding to the cash value, so it could be better just to save. Also, it’s much harder to adjust it if you start earning more or you needs change.
take care,
Fashun
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