1. 110 POINTS
    Bryan McCloskey, CASL®
    Old Security Trust, West Chester, PA
    The simple answer to this question is: It Depends.  :)

    It depends on a variety of factors, including:
        How much death benefit you would like.
        Your health status.
        Your age.
        The company you would buy it from.
        The features you would elect inside the policy.

    There are several types of Life Insurance coverage for a person to choose from, each with its own features and own purpose.  In general, for a stated amount of death benefit coverage, monthly or annual premiums for a Whole Life policy are higher than a Term Life policy, but it would be faulty to compare those types of policies just based on monthly premium.  

    Don't make the mistake of comparing those types of policies just based on monthly premium.  Speak with a knowledgeable professional about your goals and how life insurance may fit in so that you can make the best decision for your situation.
    Answered on May 18, 2013

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