Term life insurance is typically cheaper than whole life insurance because rates and coverage are only locked in for a specific period of time, such as 10, 20 or 30 years.

However, that trend has slowed down. LIMRA found that life insurance premiums are overall down around 1%, and around 4% for whole life products, for the first half of this year.

June 27, 2025 / 9:39 AM EDT / CBS News The decision to purchase whole life insurance for your children will need to be carefully considered. Getty Images ...

MetLife Inc still expects it would hit its long-term targets for return on equity, even if 10-year U.S. Treasury yields remained at their current historically low levels, the chief executive of ...