Note: Guaranteed term policies for nonsmokers who qualify for preferred tier pricing. Source: Accuquote.com
One way Americans tightened their belts in the aftermath of the global financial crisis was by cutting back on life insurance. So much so that the number of families with any coverage fell to a 50-year low in 2010.
You can supplement existing coverage affordably through a basic term-life policy -- your most cost-effective option. (In general, shoot for total coverage of five to 10 times your annual salary.)
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