What is more beneficial a term life insurance or a whole life insurance policy

Benefits offered by a term policy and a whole life policy are different; you need to choose a life insurance policy based on your needs and requirements. If you are looking at protection at low cost, then term policy is the best option. A whole life policy offers you the option of savings along with protection. Though you have to pay higher premiums, you also get the facility to withdraw some money as per your needs during different stages of life.