My husband and I are both 33 y/o, we have a 2 year old and would like another child. We have some term life through work, but we’re considering additional life insurance outside of that. Our insurance guy recommended that we lock in a 30 year price guarantee for a term plan, but I don’t completely understand whole life plans. I think there can be dividend pay outs? We want to make sure to have enough coverage to take care of the other and kid(s) in the event of a tragedy.
Looking for advice on what might be the better route.
Looking for advice on what might be the better route.