Help us learn more about your experience by completing this short survey: https://www.surveymonkey.com/r/RRKS8LZ Subscribe to Alanis Business Academy on YouTube for updates on the latest videos: https://www.youtube.com/alanisbusinessacademy?sub_confirmation=1 Term life insurance and whole life insurance (often referred to as cash value life insurance) represent two common types of life insurance. While the basic purpose of these types of insurances are identical, how each life insurance vehicle works in practice differs. In this video, we'll cover the general purpose of life insurance as well as how it works. We'll also dive into the differences between term life insurance and whole life insurance so you can better determine which coverage is right for you.