As in today scenario the Term Life insurance which is for pure protection only and you can choose term upto 25 years ,30 years etc as per your age.The early you start your term life insurance the premium is as low as your age and if you older then the premium become high.So starting the term insurance at early age is very affordable and policy issuance is very easy with low or no chances of medical questions.
In Whole life the protection is for whole life and one can start early and get the handsome income after a time.You can get a fixed income for whole life and also there may be fixed rate of interest in whole life plan.This is best for estate planning and life long dependent and also best for tax planning individuals.
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