Whole Life or Term Life: Which Insurance Do Young Parents Need?
In this Answers, Answers segment from the episode of Motley Fool Answers, Alison Southwick and Robert Brokamp unravel an issue that confuses many people: What's the difference between term life and whole life insurance, and which is the better choice for your family? Whole life, with its combination of a "permanent" policy and a savings vehicle, can look quite appealing at first. But as Bro explains, when you buy an insurance policy that is also an investment, what you generally get is something that performs neither role well.
A full transcript follows the video.
Source: Fool.com
