Life Insurance
1. If you want insurance protection only, and not a savings and
investment product, buy a term life insurance policy.
2. If you want to buy a whole life, universal life, or other cash value
policy, plan to hold it for at least 15 years. Canceling these policies
after only a few years can more than double your life insurance costs.
3. Check the National Association of Insurance Commissioners
website (www.naic.org/cis) or your local library for information on the
financial soundness of insurance companies.
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