Life Insurance Direct What Are The Pros And Cons Of Term Insurance | Page 9

One pro to whole life insurance is that it has the most guarantees of
permanent life insurance, making it the stable choice for those who want a
concrete, dependable plan to rely on. It also has more of the nature of an
insurance plan that doesn’t require people to check in on it regularly. You
simply make your payments and are covered.
The other pro is that, unlike term insurance, this is a permanent life
insurance plan that covers people throughout their entire lives and never
expires unless the owner of the plan stops making payments, of course!
It also has a guaranteed death benefit and that benefit only grows as you get
older, meaning that people will get more out of this policy the longer they
have it.