Life insurance consists of two different types: term and permanent. Term life is for a set period of time and permanent is paid upon death, depending on the policy specification. Life insurance is important to make sure that those who depend on you financially are taken care of in the event of your death. When estate planning, life insurance; depending on the type can aid one during this time. No matter how young or old you are you can benefit using these simple eight steps to lower your cost of life insurance. These eight types are: buy term, shop around, buy only what you need, use discounts, buy as soon as you can and when you are younger, stay well, use auto-renewal policies and use group policies when you can.
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8 Ways to Save on Life Insurance