Which Is Better Term Or Permanent Life Insurance?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaTerm or permanent is not a question of which is better. It's a question of how long is your financial liability and future obligations. If your age 50 or younger and your mortgage will be paid off within 30 years, term life insurance may be better. If your liabilities are ongoing with future needs well into retirement, then permanent life insurance may be better.Answered on July 22, 2013+01+1 this answer
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63333 POINTSview profilePeggy MaceMost of the U.S.Term life insurance is better in situations where you need a lot of coverage for a limited period of time, and want to pay the lowest possible premium. Permanent life insurance is better in situations where you need the policy to last a lifetime, where you want to pay off the policy early, or where you want cash value to borrow from.Answered on December 11, 2014flag this answer
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