Question: Which is Better for Me: Term or Cash Value Insurance?
Answer: If you are looking for a basic, low cost life insurance plan choosing term life insurance would be your best option. Term life will give you a certain amount of life insurance for a specific term. Term life insurance is a good choice for people on fixed incomes and with families.
Cash-Value life insurance (whole and universal) is more expensive but has the benefit of building a cash value that you can borrow against. This is a good option for someone interested in having a life insurance plan well into their retirement years.
There is much more to choosing what type of life insurance is best for you. To learn more about life insurance choices see these articles:
Term Life Insurance: A Low Cost Life Insurance Option
What You Need to Know About Universal Life Insurance
More Personal Insurance Q&A