There are a lot of life insurance packages out
there. This one will accumulate cash value for you and this one will send you
to Disneyland and this one... I'm somewhat kidding. These package policies that
do more than insure cost more. That money is never really returned to you. Term
insurance is a basic insurance that does all it is supposed to do, pay on your
death a specific amount. Because of its simplicity, it costs a lot less too.
Purchase term insurance if you have calculated that you need life insurance.
The money you save by not paying the price of whole life or Disney life you can
invest and earn compounding interest on without paying someone else most of
those profits.
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