Whole vs Term Insurance

Transcript

00:01

HELLO!

00:02

HAVE YOU

00:02

EVER WONDERED

00:07

Why we ask for

00:08

VERIFICATION OF

00:09

WHOLE 

00:10

BUT NOT TERM

00:11

LIFE INSURANCE

00:12

TERM LIFE INSURANCE

00:14

IS PAID TO THE BENEFICIARY ONLY UPON DEATH

00:15

EXPIRES AFTER A SET PERIOD OF TIME

00:16

PAYOUT COMES WITH NO STRINGS ATTACHED

00:21

WHOLE LIFE INSURANCE

00:22

PROVIDES LIFE-LONG PROTECTION

00:22

PROVIDES DEATH BENEFITS AND

00:24

ACCRUES A CASH VALUE

00:25

THAT CAN BE WITHDRAWN

00:28

The potential Withdrawal is why we ask for verification of Whole and not Term Insurance.