What Kind of Life Insurance Should You Buy?

For most, term insurance is the best choice, but it varies depending on what you want.

Life insurance companies are brilliant at devising new kinds of policies. But try to remember that whatever the name on the policy -- universal life, variable life, Irresistible Life, Irreplaceable Life, The Champion, The Solution -- all are in fact variations on the two basic kinds of coverage: term insurance and whole-life insurance (also called cash value or permanent).

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