Term life insurance provides coverage for a specified term, typically 10, 20, or 30 years. It offers a death benefit to your beneficiaries if you pass away during the term, but it doesn't accumulate cash value. Whole life insurance, on the other hand, provides lifelong coverage and includes a savings component that builds cash value over time. While term insurance is usually more affordable, whole life insurance can serve as both protection and a long-term investment.

There are several ways to lower your car insurance premiums:

Choose a higher deductible: Increasing your deductible can reduce your premium, but be sure you can afford the higher out-of-pocket expense if you need to make a claim.

Maintain a safe driving record: Safe driving can earn you discounts and prevent premium increases due to accidents or traffic violations.

Bundle policies: Many insurance companies offer discounts when you bundle your auto insurance with other policies like home or renters insurance.

Install safety features: Equipping your vehicle with safety features like anti-theft systems or anti-lock brakes can result in lower premiums.

Shop around: Compare quotes from multiple insurance providers to find the best rates for your needs.