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No. Term life is your most economical type of life insurance. The salesman will tell you about the cash value of the whole life policy, but the rate of return is terribly low. Buy a term life policy and put your savings in an IRA, 401K, CD, money market account, Roth or other investment. That is what the insurance company would do with your money, so why not cut out the middleman.

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13y ago

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