Whole life insurance offers lifelong coverage with a guaranteed death benefit and builds cash value over time. Premiums remain fixed, and the cash value can be borrowed against or withdrawn. It's a reliable option for long-term financial security and leaving a legacy.

Term life insurance provides coverage for a specific period, such as 10, 20, or 30 years, with a guaranteed death benefit if you pass away during the term. It offers affordable premiums but does not build cash value. It’s ideal for those seeking temporary protection, such as for raising children or paying off a mortgage.