It’s fairly straight forward. When you compare the benefits and cost of a term life insurance policy versus whole or universal life, term policies may be the best deal for most folks.
Here’s a look at 6 myths about buying life insurance from the ever-resourceful BankRate website. The first five are fairly good. Skip the sixth one.
For more insight on the subject overall, check out these helpful articles, also from BankRate.
My position: Term life rules.