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Many people stop buying term life insurance after their children become adults or once a spouse dies.
"Buying term life is a little more complex now," said J. Robert Hunter, the director of insurance for the Consumer Federation of America.
A companion article on how to buy life insurance for your family ruled out buying whole life in favor of term insurance, with a straightforward explanation why and sites to check out for buying term insurance.
This gives added simplicity and a sense that a good deal is easy to find, and many people might finally get around to buying term life and renter's insurance, to name but two products they really need.
To explain, let's return to my analogy above that buying term life insurance is akin to renting a home.
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Telnic says the keyword sales are fair because corporations and trademark holders got a first crack at buying terms.
He suggested, however, that investors who would not need their money for at least several years might park it in a retirement account and buy term life insurance.
Scored big with simple philosophy: "Buy term and invest the difference".
Once you've decided to buy life insurance, the next decision is whether you should buy "term" or "permanent" insurance.
Consumers dropped their stodgy whole-life savings plans, bought term policies and invested the difference in the market.
The old rule of thumb still applies to most people: Instead of buying a cash-value policy, buy term insurance and invest the difference.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com