Phil questions Andre about the different types of Life Insurance, including the difference between Whole and Term Life. Also discussed are Disability and Long Term Care Insurance.
A topic no one wants to think about, but that is an important part of your financial planning. Andre discusses the difference between the various types of life insurance, and how much you should carry given your age. Also covered are disability (and partial disability) insurance, as well as long term care insurance.
Your risk and the term of the policy are big factors in the price you pay. The longer the term, and the worse your health (often using BMI) the higher the premium.