Click to Call
Arial Insurance Group

250 Parkway Drive Ste 150
Lincolnshire, IL 60069

Get Directions

Arial Insurance Group Blog

Whole Life Vs. Term Life Insurance

Whole life and term life insurance policies are very different from each other. As the type main types of this coverage, it’s a good idea to know the basics of each before you make up your mind about your own life insurance policy. These policies each have their own drawbacks as well as benefits. When you need a life insurance policy, call us at Arial Insurance Group in Chicago, IL to find out more. 

Whole Life Vs. Term Life Insurance

Whole Life

When you want to have life insurance that stays with you for the rest of your life no matter how old you get, there is whole life insurance. This is a type of insurance that you can keep for as long as you want, and it never expires. Many people choose this type of life insurance for this reason.

It’s great to have insurance that never expires, but these policies come with other benefits as well. They build up a value that you can later borrow if you need to. This is a major benefit that many policyholders appreciate when they have a financial emergency. Whole life policies are more expensive, though, and some people find that they don’t fit their budgets. 

Term Life

Getting term life is often preferred because it is less expensive. It tends to be more affordable for many people’s budgets. However, it does come with a downside. These policies operate on a term that expires. The policy is good for a set term such as 20 years, though it may be more or less than that. After that, the policy ends, and you have to find a new life insurance policy. 

Give Us A Call

It’s important for your family and your own peace of mind that you have life insurance. To get started with a policy, you can call us at Arial Insurance Group in Chicago, IL.

Partner Carriers

  • Aegis
  • Aetna
  • Allstate
  • American Modern
  • American Strategic Insurance(ASI)
  • Assurant Flood Solutions
  • Berkshire Hathaway Guard
  • Blue Cross Blue Shield
  • Capital Premium Financing
  • Chubb
  • Cigna
  • Dovetail
  • Foremost
  • Grange
  • Hagerty
  • Humana
  • Kansas City Life Insurance Company
  • National General
  • Nationwide
  • Old American Life
  • Openly
  • Physicians Mutual
  • Progressive
  • Prudent Pet Insurance
  • RLI Surety
  • Safeco
  • State Auto
  • Stillwater
  • Stonemark
  • Travelers
  • United Healthcare
  • USLI