Financial Planner Nicholas Ockenga broke down life insurance policies in the MoneyGeek article "Best Life Insurance for Parents in July 2023."
Though life insurance may come with a higher price tag as you get older, he argues the move could benefit those who want to support their dependents after their passing. Considering how "Every client’s needs are different and case-specific," Nick explains no life insurance policy is necessarily superior to another. He recommends people take a look at their budget and timeline to find a policy that best fits their specific circumstances.
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Read Ockenga's insights here.