You might have the ability to trade numerous term insurance coverage for a cash value policy during a conversion duration even if you are not in good health. Premiums for the brand-new policy will be higher than you have been spending for the term insurance. Long-term insurance coverage (such as universal life, variable universal life and whole life) provides long-term financial protection.

It's not about you. Life insurance is something you do to protect those you love so they don't suffer economically if your earnings is no longer there. Life insurance coverage can be the only thing that stands in between your liked ones and financial challenge. Life insurance coverage is needed for the "what-ifs" in life.

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