Your life insurance choices can effect you long term
I’d like to challenge anyone who reads this to consider your life insurance policy a little more closely.
Perhaps, instead of looking for the cheapest solution for the most benefit.
Perhaps consider looking at the benefits you are getting both tangible and intangible
Many policies will have built in riders that allow you to access benefits should your health go south. Those are called living benefits
Another thing to consider is what is called convertibility. See Term plans have an end date. And so a great solution is to look at converting all or part of your term policy to last into your later years.
This conversion also is potentially a fantastic solution as a financial vehicle.
Always consider your options. And sometimes less that 10$ a year in payment could benefit you many times over in the long run.
Stay safe and stay informed my friends