Unlike Term Life Insurance, which provides coverage for a specific term (e.g., 10, 20, or 30 years), Whole Life Insurance offers coverage for your entire life. Additionally, Whole Life Insurance builds cash value over time, while Term Life Insurance does not accumulate cash value.

Yes, typically Whole Life Insurance premiums are higher than Term Life Insurance premiums for the same coverage amount. This is because Whole Life Insurance provides lifelong coverage and includes a cash value component.

Yes, many insurance companies offer options for customizing Whole Life Insurance policies to meet your specific needs and goals. You may be able to adjust the death benefit, premium payment schedule, and cash value accumulation options.