Term life appeals to a broad range of consumers, experts say

03/6/2013 | Financial Advisor online

Term life insurance can meet the needs of a wide range of younger and middle-aged consumers looking to replace income, take care of debt or pay education costs in case of premature death, says planner Rich Arzaga. The product, which costs a fraction of whole life, offers rates that are 50% lower than they were two decades ago, partly because of medical improvements, greater longevity and improved underwriting standards, according to this article. Various policy riders are available to address terminal illness, disability and accidental death.

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