: Policies involve complex fee structures, surrender charges, and limited investment flexibility.
Permanent life insurance makes sense if you have financial needs that will go away. should i buy permanent life insurance
: You have a child with a disability or an adult family member who will always rely on your support. : Policies involve complex fee structures
What is your (e.g., protecting young kids, leaving an inheritance, or business planning)? protecting young kids
For the average person, the costs often outweigh the benefits.
💡 : If you are unsure, many term life policies offer a "conversion rider" that allows you to switch to a permanent policy later without a new medical exam.
Have you already your other retirement accounts (401k/IRA)?