What are the differences between a term life policy and a whole life policy?
Term life insurance protects you for a specified amount of time, or term. This means that a death benefit will only be paid if you die during your policy’s term. Term life policies generally carry lower premiums, but you may pay more if you choose to renew it. Term policies do not build cash value. Whole life insurance protects you for the duration of your life, and often includes a guaranteed death benefit. Whole life insurance carries higher premiums than a term policy; however a whole life policy builds cash value over time. The type of Rhode Island life insurance you purchase will depend on your needs as well as what you can afford to pay. Discussing your needs with an agent will help you determine which policy is better for you. Plan for the Future Today. Rhode Island life insurance brings the assurance that your family is taken care of for years to come. Find your policy today by entering your information to the right. In return, we will send you up to five free quotes on Rhode I
