The term for all life insurance: any logical one (and when)

Most people are shopping for life insurance. They struck this fork on the way:
The term life or life is all?

It looks similar. They both involve the premiums and benefits of death. But they are differently built – and one of them is usually more logical than the other.

This article breaks them side by side. What are they. How do they work. When someone is smarter than the other. And why do not most people need both.

Let’s determine the two in clear terms.

The term life insurance

Cover for a specific period (usually 10, 20 or 30 years)
If she dies during this period, the beneficiary gets money
If you exceed the term, the policy ends. No payments.
Less installments
There is no cash value or an investment feature – pure insurance

All life insurance

It covers you for life (as long as you continue to pay)
It contains a “cash value” component – part of your insurance premiums go to the savings fund/investment
You can borrow from this fund or hand over policy for money
Much more expensive (often 5-15X cost for the same payment)
It usually includes drawings, commissions, and complex …