You might have the ability to trade many term insurance plan for a cash value policy during a conversion period even if you are not in good health. Premiums for the new policy will be higher than you have actually been paying for the term insurance. Permanent insurance coverage (such as universal life, variable universal life and whole life) provides long-lasting financial protection.

It's not about you. Life insurance coverage is something you do to secure those you like so they do not suffer economically if your earnings is no longer there. Life insurance coverage can be the only thing that stands between your liked ones and monetary challenge. Life insurance is needed for the "what-ifs" in life.

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