Strategic Life Insurance Buying
most sensible approach to life insurance is to purchase term coverage while you are young. As you approach age 50, you take a look at whole life insurance rates. If they are about the same as term or only a little more expensive, you may decide that whole life makes more sense. Buying a whole life policy at 50 will guarantee that you pay the same insurance premium as you age. Many more people are living beyond age 70. By that point, the whole life insurance will have proved to be a decent investment.
