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Term life insurance is a life insurance product that lasts for a specific period of time.
Experts recommend purchasing term life policies during your 30s and 40s as rates are lower when you’re younger, and you’re likely to be in a situation where you need coverage for a set period of time.
Plus, since term life insurance tends to be affordable, it provides peace of mind while leaving room for people to use their money to build wealth at the same time.
Considering term life insurance? Policygenius can help compare rates to find the best coverage for you »
During the pivotal decades of your 30s and 40s when you might own a home, have young children, or even have children headed to college, financial experts recommend having term life insurance.
Term life insurance is “pure” life insurance, says Logan Sachon, an insurance editor at insurance comparison site Policygenius. “You purchase a policy for a set term — usually 10 to 30 years — …read more
Source:: Businessinsider – Finance