Last Updated on April 19, 2021
Term insurance is much cheaper for the same amount of whole life coverage, but after the term expires will not be paid. The term is often best for helping a younger family cover costs in a breadwinner’s absence—everything from outstanding student loans to childcare and education and the home’s mortgage.
As we get older, our priorities shift, and if we have the mortgage paid and the kids through school, the focus may be on any burial expenses and providing for our loved one that we leave behind. In this case, whole life may be needed, which will never be up for renewal or cancelation as we age. Long term care insurance is also becoming important with rising healthcare costs.
 that will change your life.){kind=link}