What's The Difference Between Whole Life And Term Life Insurance? 
Life insurance that is kept in force for a persons whole life as long as the scheduled premiums are maintained . All Whole Life policies build up cash values . Most Whole Life policies are guaranteed as long as the scheduled premiums are maintained . Term insurance is the type of life insurance that provides protection for a specified period of time . It usually has no real cash value build up . They do have term policies that will return all of your premiums back to you at the end of the term period if you out live the policy . 