Life Insurance · Comparison
Term Life vs Whole Life Insurance
Term life and whole life are the two most common types of life insurance. Term life is pure protection for a set period. Whole life is permanent coverage that builds cash value. The right choice depends on your goals, budget, and time horizon.
Term Life vs Whole Life — Key Differences
| Feature | Term Life | Whole Life |
|---|---|---|
| Term life | coverage for 10, 20, or 30 years | no cash value |
| Whole life | permanent coverage | builds cash value |
$500,000 20-year term for a 35-year-old: ~$25–$35/month | ||
$500,000 whole life for a 35-year-old: ~$400–$600/month | ||
Term is right for income replacement, mortgage protection, and temporary needs | ||
Whole life is right for estate planning, final expense, and permanent needs | ||
The Patriot Plans Verdict
For most people, term life is the right choice for income replacement and mortgage protection. Whole life makes sense for estate planning, final expense coverage, and people who need permanent coverage with a savings component.
Still Not Sure Which Is Right for You?
Patriot Plans is 100% independent. We compare both options from vetted carriers and recommend the one that's right for your specific situation — no sales pressure, no commissions driving our advice.