Life Insurance? Is it a good option for a single mother with small children? What is the best company?

Barbara - posted on 01/05/2015 ( 1 mom has responded )

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I am newly separated and in the process of divorce, but I am wondering if I should keep my term insurance or look into a life term insurance. Need help.

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Sarah - posted on 01/05/2015

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You mean term vs whole life? Whole life is way more costly, but you get greater returns on your investment. Term is sort of like renting, and whole life is like a mortgage. Term ends when the policy expires and you get no return (unless you die) and whole life is yours until you die even after you stop paying for the policy.

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