Term life insurance is always considered “short term,” even if you have the policy for many years. This is because there is an ultimate expiration date on the policy, unlike whole life policies which are in force until you die.
However, within this “short term” framework, there are wide varieties of ways your policy can be set up, and deciding how long your “term” should be is one of the decisions which will affect the price and feasibility of your insurance purchase.
In general, the shorter the term, the more you will ultimately pay for your life insurance. This is bec
Recent Comments