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How Long Should Your Life Insurance Policy Last?


After choosing the benefit the policy will pay out, the most important decision when buying term life insurance is how many years of coverage to get. The length you choose affects not only how long you’ll be protected but the premium you’ll pay.
Term policies are the most popular life insurance option, in large part because their cost is far lower than for permanent insurance policies of the whole life and universal life types. Term lengths typically range from 10 years to 30 years, and choosing the term that’s best for you requires balancing the cost of coverage with …

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