They say life insurance is like a parachute. If you don’t have it the first time, odds are you won’t need it again.
While that’s a funny line, all kidding aside, life insurance is the only way most people can provide for their families if they should die. But what happens when it ends?
Term life insurance is often recommended due to its simplicity and affordability. Unlike whole life insurance, it doesn’t combine investing with a death benefit, allowing you to invest separately for better financial returns. But when your term life insurance expires, what should you do? Let’s explore the four options available to you.
