Life Insurance vs. Term Insurance? Let’s clear the confusion today! Life insurance is broadly categorized into two main types, and one of them is term insurance and the other is investment policy. Term Insurance is basically the purest form of life insurance. Its primary goal is to provide financial security for your family by covering liabilities in case something happens to you. Think of it as a safety net ensuring your loved ones are taken care of even when you’re not around. Investment Plans

Whole life tries to do two jobs at once—insurance and investing—but does a bad job at both. Let’s compare it with term life. | Dave Ramsey