Revealed Top Secret Guide to Must-Have Insurance Choices
Life Insurance: Ensuring Your Loved Ones' Financial Security
Life insurance provides financial support to your beneficiaries in the event of your passing. Policies vary widely, with term life insurance being the most affordable option. It provides coverage for a specific period, typically 10, 20, or 30 years. Whole life insurance, although more expensive, offers lifelong coverage and accumulates a cash value. According to industry data, the average monthly premium for a 20-year term policy with a $500,000 death benefit is around $27 for a healthy 30-year-old male4.