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Your Retirement Simplified
Are you thinking about getting a life insurance policy? There are many options available. If you’re wondering which path is the right one, here are life insurance basics which can help you get started.
Term life insurance is designed to last for a set period, which usually ranges from 10 to 30 years. A 20-year duration is the most common.
The term versus permanent life insurance debate has lingered for years. It is a long-standing question, but it need not be “either-or.” Neither type of coverage is universally superior to the other. Both options have appropriate uses, depending on the needs and situation of whoever is purchasing the policy.
First, let’s discuss the basics of each type of life insurance.
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