Life Insurance and Wills: Personal Finance Advice

October 12, 2008

Do you have life insurance? If you’re single, or you don’t have any kids, or you don’t work, there is a good chance that you have talked yourself out of needing life insurance because you figure that nobody will find themselves in financial trouble if you die. Most people should have life insurance, regardless of their marital status or financial standing. It may seem like an unnecessary expense to you

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lifergirl 1 October 14, 2008

Term is inexpensive for 20 years or less only.  I know a lot of people who wish they got whole life instead because the premiums stay the same even as you age. Plus, it builds cash that you can access when you need it instead of like term insurance (it’s like owing a house vs. renting one).  Stick with a reputable company and get a whole life policy for a great financial investment for you and a death benefit for your heirs.

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