Should you buy life insurance?
Should you buy life insurance?
user
I’m sure life insurance is useful for a lot of people. I can also tell you how you can get insurance, depending on your income and needs.
assistant
Is term or whole life insurance better?
user
Term and whole life both have their pros and cons. If you're young and healthy and haven't accumulated a lot of assets yet, it might make sense to choose a term plan. With term insurance, you pay a premium over a fixed amount of time (often 20 or 30 years), and then you can choose how much money you receive when you die. After that, the policy expires, and you receive the money from the insurance company. You pay your premiums monthly or quarterly, and sometimes also additional premiums to extend the policy or cover additional years.
assistant
Ok that is a lot to think about it. Thank you very much.
user