Here's exactly why experts recommend one type of life insurance over the other

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Here's exactly why experts recommend one type of life insurance over the other
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It's cheap and simple

Experts usually agree the best choice for simple and cheap coverage is. Term life insurance, unlike permanent life insurance, provides coverage for a fixed amount of time, usually 10, 20, or 30 years. Generally, the earlier in life you buy it, the cheaper it is. Life insurance premiums increase incrementally with age, but locking in a low monthly rate now on a term life policy will save you the most money in the long run.

when he was 28 years old, before he had children, a family history of cancer, and a decidedly risky hobby of flying planes. He secured a low rate then and now pays $78 a month for his policy. Rosenberg said his only regret is not getting more coverage. "Ideally, your family's need for life insurance will end around the time the term expires: Your kids will be on their own, you'll have paid off your house, and you'll have plenty of money in savings to serve as a financial safety net,"If you're signed up for group life insurance through work, you only need to supplement that amount with an.

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