: You have a child with a disability or an adult family member who will always rely on your support.
: Policies involve complex fee structures, surrender charges, and limited investment flexibility. should i buy permanent life insurance
For most people, the answer is . Permanent life insurance is a specialized financial tool designed for lifelong coverage and wealth transfer, whereas term life insurance is sufficient for protecting a family’s peak earning years. When You SHOULD Buy It : You have a child with a disability
: You have already maximized contributions to 401(k)s and IRAs and want a tax-advantaged vehicle for additional wealth. When You SHOULD NOT Buy It the costs often outweigh the benefits.
To give you a better idea of which path fits, could you tell me:
For the average person, the costs often outweigh the benefits.