Should I buy Term or Permanent Life Insurance?

It’s hard to say because it depends on your own circumstances and financial goals.

Generally, Term Life Insurance offers the greatest coverage for the lowest initial premium and is a great solution for individuals with a temporary need or a very limited budget.

Permanent Life Insurance might make more sense for individuals looking for lifelong protection, or if the option of accumulating tax-deferred cash values is attractive to you. Permanent Insurance is primarily used in Estate Planning.

Or you can choose to buy both! A combination of both term and permanent insurance is often the right answer.

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