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September 15, 2016 3:54 pm at 3:54 pm
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akuperma
Participant
Term insurance is only cheap if the insurance company is sure you won’t die during the term. When the odds of your demise go up, so do the rates. They don’t do it as charity.
Other types have an investment aspect which may or may not still be a good idea given the extremely low interest rates now prevalent.
In the US, remember that Social Security survivor’s benefits function as de facto life insurance if you are employed and are leaving dependents.