Is Term Life Insurance a Waste of Money?

Many people assume life insurance is solely for after death, but whole life insurance offers living benefits that can be accessed while you’re still alive. These benefits make it a tool for building wealth during your lifetime. But what about term life insurance? It’s a popular choice, yet may leave policyholders disappointed when the term ends. Once it expires, you can’t go back and get the same low rates you originally had. The McFies discuss the pros and cons of both term and whole life insurance so you can make the best choice for long-term financial security.

Key Takeaways:

Understanding the living benefits of whole life insurance and how they can help during your lifetime.
The limitations of term life insurance, and why many regret choosing it as their main coverage.
Important factors to consider before deciding on term vs. whole life insurance for lasting protection.

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Resources:
To get your life insurance reviewed call McFie Insurance at 702-660-7000 or email: [email protected]

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