What is the difference between term and whole life insurance?

Term covers a set period; whole life lasts your lifetime.

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  1. Term covers a set period; whole life lasts your lifetime ✔
  2. Term lasts forever; whole life is short
  3. Both only cover car damage

Why: Term life insurance covers a set number of years, while whole life insurance lasts your entire life.

Huh, didn't know that: Term life insurance covers a set number of years, while whole life insurance lasts your entire life.

The dad joke
Term has a term; whole life is whole.
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References

Answer: Term covers a set period; whole life lasts your lifetime. Term life insurance covers a set number of years, while whole life insurance lasts your entire life.

  1. Scouting America: Personal Management www.scouting.org/merit-badges/personal-management
    Whole life and term life
    Checked 2026-11-07.

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