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Rose Money Minute

7 reasons to buy life insurance during a turbulent economy

7 reasons to buy life insurance during a turbulent economy

Ask an agent about the best time to buy life insurance and the answer will likely be “now” or “anytime.” But consumers watching the value of their 401(k)s decline in this inflationary era as interest rates spiral may want to know if perhaps life insurance is a particularly good option to supplement investments and retirement accounts during a down economy. And if it is, why? We put the question to financial planners and insurance experts. Not surprisingly, they agreed it was a good time to buy life insurance. But their reasons differed.

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7 reasons to buy life insurance during a turbulent economy

7 reasons to buy life insurance during a turbulent economy

Ask an agent about the best time to buy life insurance and the answer will likely be “now” or “anytime.” But consumers watching the value of their 401(k)s decline in this inflationary era as interest rates spiral may want to know if perhaps life insurance is a particularly good option to supplement investments and retirement accounts during a down economy. And if it is, why? We put the question to financial planners and insurance experts. Not surprisingly, they agreed it was a good time to buy life insurance. But their reasons differed.

read more
5 Tips For Cheaper Life Insurance Premiums

5 Tips For Cheaper Life Insurance Premiums

Most people know that life cover pays out a lump sum if you die. But far less know that you can buy cover that pays a regular tax free income instead of a lump sum. It’s official name is Family Income Benefit and is often cheaper than the more common Level Term lump sum payout option. So why would an income be better than a lump sum?

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