“That’s A Solution Looking For A Problem”

In my last article, we talked about cash surrender values in whole life policies. I used an example of a 35-year-old female non-smoker to crunch some numbers. In the example, I quoted the price of a 10-year term policy which would cost $137.50 per year. In the conclusion of the article I said I would never recommend a 10-year term policy for a 35-year-old female. I said she should buy a 30-year term which would cost $305 per year. I then asked if a 30-year term was a good idea for...