6 reasons to convert that term life insurance policy
May 23, 2016 by Elana Ashanti Jefferson
Despite the fact that many financial advisors consider whole life insurance to be a superior long-term planning tool than term life insurance, many consumers still opt to purchase term life policies.
Term life insurance is often sold as a relative bargain compared to permanent life insurance products. Other times, a consumer sees a term life insurance policy as one way to satisfy an immediate coverage need. Some of the common expenditures that consumers may envision the pay out from a term life insurance policy covering include:
- Funerary expenses
- Medical expenses
- Consumer debt
- College or graduate school tuition
Originally Posted at LifehealthPro on May 18, 2016 by Elana Ashanti Jefferson.
Categories: Industry Articles
