Investments & Financial Planning

Should I invest the limited funds I have, or should I obtain the insurance coverage I need?

Answer:

I believe adequate insurance coverage is a key part of a good financial foundation. That said, you should also check with several advisors on how to get sufficient coverage at the lowest cost. Figure in your long-term objectives. For example an inexpensive 20-year level term life insurance policy might be a much wiser choice than an expensive whole life policy.
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