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Why You May Need Whole Life Insurance Instead of Term

Whole life insurance policies can provide several advantages over term life insurance policies. These include: - A cash build-up that can be borrowed against at a cheaper rate than a traditional short-term loan. – A cash build-up that can be settled and given back to you. – Secure a policy while you are young to have cheaper premiums when you are older. – Can be paid to your beneficiaries if you die or settled and used to pay for nursing home or medical expenses later.

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