It is important when buying life insurance to know what you’re getting into first. It’s important to know the resources that are out there and where you can get answers to questions you may have. This article is a good place to start.
Term life insurance may cost much less, but the fact that it is not permanent is a major drawback. The lower price is the main benefit of term life insurance over a traditional policy. However, when you put money into a traditional policy, you’re investing in a kind of permanent financial asset. If you’d like, you can even borrow against your traditional policy. On the other hand, term life insurance only lasts as long as the payments are being met.