Term life insurance | Whole life insurance.
Which type of policy is best for you, term or whole life? The answer depends on several factors, including:
Your Needs. If you need coverage only until your children graduate from college, for example, you might be better off with a term life policy. Cash-value insurance is better suited for long term needs, such as planning estate taxes and providing lifetime security for your spouse. Some term policies cannot be renewed past age 70 or 80 and can become costly to renew as you approach that age.
So, Should I Buy Term Life or Whole Life Insurance? Term life and whole
life insurance both have advantages including immediate family protection.
Deciding which type of policy and which features are right for you takes
careful consideration and, most times, a comprehensible look at your
financial plan. To discuss your life insurance needs and financial requirements,
contact your financial professional.
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