As you get older, life insurance companies see you as a bigger risk and the cost to cover you goes up. Locking in a level-term policy will keep your premiums the same for the length of your policy.
Whole life insurance allows you to build savings within the policy. It also provides certain benefits you often won’t find with other types of life insurance that accumulate cash value.
based on our analysis of term life and cash value policies from 15 companies. If you’re shopping for life insurance and are over 50, you’ll likely encounter fewer options than those available ...
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