higher insurance premiums

Permanent Life Insurance vs. Term: Which One’s the Better Deal?

January 8, 2014

term-vs-permanent-thumb-articleSome experts recommend people to buy term life insurance saying it is a rather inexpensive solution compared to permanent life insurance. While the savings from purchasing term life insurance can be invested and yield better returns over the short term, this strategy may not be as sound as it is being propagated. As people have different financial situations, and plans; it is very important to understand the key differences between the two types of life insurance in order to distinguish the benefits and pitfalls of picking one over another. (more…)