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Tag: Whole life insurance
I’m a financial adviser with $2.5 million of life insurance, and every cent of it is the same kind for a reason
Because of the amount of coverage I need, and what it would cost for an equivalent amount of whole life insurance, term is the right choice for me.
Whole life insurance may sound great because it never expires, but it will cost you a big chunk of change every month
Whole life insurance provides both a death benefit and builds up a cash value, a type of savings or investment that you can withdraw from your policy.
One of the 2 main types of life insurance can cost hundreds more a year, and 2 questions can tell you whether you need it
The biggest differences between term and whole life insurance are monthly cost, length of the policy, and whether there is a cash value component.