Life Insurance: Finding the Coverage That Fits Your Needs
Last week, we discussed the importance of life insurance. Now, let’s clarify the key differences between the two main types:
Term Life is…
Affordable. It provides temporary coverage (typically 5-30 years).
Ideal for short-term needs like mortgage protection or covering children’s education.
Permanent (or Whole) Life is…
More expensive. It offers lifelong coverage with a savings component.
Suitable for long-term goals like estate planning and leaving an inheritance.
Still uncertain which option is best for you? Read our full article!
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