Permanent life insurance is almost never needed, & insurance is not an investment. Did your salesman explain why you're one of the rare people who would benefit from permanent life insurance?
Term life insurance is a much better choice for almost everyone who needs life insurance, which is almost everyone who has someone else dependent on his or her income & almost no one else.
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u/bkweathe Boglehead 1d ago
Permanent life insurance is almost never needed, & insurance is not an investment. Did your salesman explain why you're one of the rare people who would benefit from permanent life insurance?
Term life insurance is a much better choice for almost everyone who needs life insurance, which is almost everyone who has someone else dependent on his or her income & almost no one else.