How Insurance Plans Change as You Age
Life Insurance serves a variety of needs depending on your age. Although you may purchase any type of coverage at virtually any age, the objective of this protection will change as you age. At birth, some parents or grandparents will purchase a small whole life policy with a small face amount. This policy falls into the category of a gift rather that protection. The thinking behind this purchase is giving the child an introduction to finance, even at this early age. The hope behind this purchase is to give something…
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