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Term Life vs. Whole Life Insurance: Differences and How To Choose
Term life insurance is cheaper than whole life insurance, but it covers you for only a set number of years.
Apply online in just 10 minutes
1.
![insurance-product-card-logo](https://www.nerdwallet.com/cdn-cgi/image/quality=85/cdn/insurance/logos/ethos2.png)
Ethos
A quick online application process, with no medical exam required.
Coverage for term life insurance ranges from $200,000 to $2 million.
Draws fewer than the expected number of complaints for a company of its size.
Excellent rating on Trustpilot, Google and A+ from BBB.
See Details
on Ethos's website
2.
Ladder
Get $100,000 to $3 million in coverage without a medical exam.
A mobile-friendly, fully digital experience.
Issues most term life insurance policies within minutes.
Adjust your coverage amount at any time.
See Details
on Ladder's website
3.
![insurance-product-card-logo](https://www.nerdwallet.com/cdn-cgi/image/quality=85/cdn/insurance/logos/fabric_gl.png)
Fabric
Simple, 10-minute online application process.
Offers coverage up to $1.5M without a medical exam and up to $3M with one.
Access a portion of the policy’s payout early if diagnosed with a terminal illness.
The mobile app has extra features, like a free tool for creating a will.
See Details
on Fabric's website
Term life vs. whole life: Overview
Term life insurance
Whole life insurance
![insurance-product-card-logo](https://www.nerdwallet.com/cdn-cgi/image/quality=85/cdn/insurance/logos/ethos2.png)
Ethos
A quick online application process, with no medical exam required.
Coverage for term life insurance ranges from $200,000 to $2 million.
Draws fewer than the expected number of complaints for a company of its size.
Excellent rating on Trustpilot, Google and A+ from BBB.
See Details
on Ethos's website