Answer:
Term life insurance plans are much more affordable than whole life insurance. This is because the term life policy has no cash value until you or your spouse passes away. In the simplest of terms, it's not worth anything unless one of you were to die during the course of the term. Then that's when you receive money..
Step-by-step explanation:
(G0OGLED THE ANSWER)
Term insurance can be a better product if your time horizon is 10 years or less. Term insurance is better than whole life insurance especially at younger ages. Also term insurance works best because it is a low cost and low commitment program.
