Life Insurance Tips

• term - inexpensive, great for a period of time, expires at the end so if you don't use it (that's the plan, right?) then the premiums are lost

• permanent - more of an investment, but can grow value over time, withdraw all cash without tax consequences, eliminate the need to separately buy long term care insurance, and guaranteed to pay out when you pass away

You are never going to die

You are going to inherit a fortune

You are going to win the lottery

Your children are going to support you

You are never going to retire

The government will take care of you