Term vs. Permanent Life Insurance

Term vs. Permanent Life Insurance

Less than half of middle income earners age 25 to 64 own individual life insurance, according to LIMRA, which keeps close tabs on the life insurance industry.

In the same survey, 44% of those who didn’t have it, said they needed it.

When considering life insurance, one of the most important factors to understand is the difference between term and permanent insurance. Here’s an inside look at both.

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