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Sunday, November 06, 2011

What are the advantages and disadvantages of term insurance?

AskTaxGuru.com Junior Member, Edmund, asked:

I was wondering why people buy term insurance instead of whole life insurance, especially in the light of the fact that there are several compelling reasons to purchase term insurance.

As a matter of fact, I am about to purchase some insurance for me so your answer would greatly assist me in making my decision.

Thx!

Click here to know what our tax gurus have said. What do you think?

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