Myerson Wealth

How to Use Life Insurance for Investing (via US News)

Finding the right insurance to invest in – or use for long-term planning – can be complicated for many investors.

Similar to an auto policy, a term life insurance is a temporary policy many individuals use to cover themselves for a period of time and then it expires. Typically it has a lower premium and considered more affordable than permanent life insurance. Many are convertible where the initial plan can be renewed for a higher premium for another term plan or converted into whole insurance.

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