It will be expensive if it is not term or part term. Before committing to a cash-value policy,make sure you are getting benefited by salary reducing savings plans.The most important one will be disability life insurance. It can be more debilitating than a death.
You can consider a cash-value policy only if you intend to hold for at least 20 years. Life insurance can pay your funeral and burial costs,debts and medical expenses.When you buy an individual policy,you choose the plan and the benefits that are right for you and your family. Individual policies are generally sold through insurance agents or brokers. |
