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Term vs. Permanent Life Insurance
According to industry experts, most people don’t have enough life insurance. The American Council of Life Insurers reported that average coverage equals $197,000, which is equivalent to almost 3.5 years of income replacement (with the median income being $59,540 in 2024). That’s only half the recommended 7-year threshold.¹ ² Furthermore, 38% of consumers said their…
