Mary Hunt: Knowing the purpose of life insurance
Mary Hunt: Knowing the purpose of life insurance.
DEAR MARY: My husband has a $50,000 term life insurance policy. He is 57 and a smoker, and the premium is quite high. He has an additional $10,000 death benefit at work. The value of the policy keeps going down, while the premium climbs. He pays $57 a month for the coverage. We have an IRA wor.
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