Insurance

Most people believe that term life insurance is better than cash value life insurance. Insurance agents may make as much as 50% of the first year's commissions on a cash life insurance policy. Term life insurance can be about 10% of the cost of cash value life insurance. Term life insurance guarantees a lump sum payment specified within a specific period. Premiums usually increase with your age. Term policies usually are renewable at the end of the term. Cash value life insurance is insurance, plus an investment. Speak to your local CPA abount your insurance needs.