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Each insurance type comes with pros and cons that make it difficult to decide the best. The choice should be based on the factors most likely to help the family cope with the loss of a loved one.
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Pros and cons of converting term to whole life insurance. Converting your term life insurance into a whole life policy can open up new possibilities for long-term coverage, but it’s not a one ...
In fact, personal finance celebrity Dave Ramsey explained that, in the first three years alone, these policies can be 20 times as expensive as a term life policy that provides similar coverage.
Ramsey was born in Antioch, Tennessee, to successful real estate agents and developers. [2] He attended Antioch High School where he played ice hockey. [citation needed] At age 18, Ramsey took the real estate exam [2] and began selling property, working through college at the University of Tennessee, Knoxville, [2] where he earned a Bachelor of Science degree in finance and real estate.
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