Find & compare doctors, hospitals, & other providers. Hospitals, nursing homes, home health agencies, medical item suppliers, health care providers, health and drug plans, dialysis facilities. What Part A & Part B doesn't cover. Learn about what items and services Medicare Part A and Part B doesn't cover.
The easiest way to remember the difference is to think of term as temporary insurance and whole life as permanent insurance which remains in force until the day you die, or until you are 120 years of age, whichever comes first.
Whole Life Isn't. Although your policy might be called whole life, it might not actually protect you until your death. Most policies are set up to mature when you're either 95 or 100 years old. It's a pretty advanced age, and living that long is a great achievement even in the world of modern high-tech medicine.