A Whole New Lease on Life
Common wisdom holds that term life insurance is generally less expensive than whole-life (permanent) insurance. For those who are relatively young and in good health, this is probably true. However, as people grow older, term policies can become exponentially more expensive. If you think you will need life insurance protection for the rest of your life, and your group or term policy is about to expire – or you want to purchase more life insurance to cover current obligations, pay off debts, or provide a tax advantage for your heirs – now may be a good time to explore whole-life…