What is Life Insurance Layering?
You can set up your term life insurance policies to have the right amount of financial protection across different stages of your life.
How does it work?
Layering involves purchasing several different term policies with staggering expiration dates.
Pros and Cons of Layering Term Life Insurance
Pros:
-A healthy person could save quite a bit of money over the duration of the polices
-As your financial needs change you can adapt your coverage
Cons:
-If your financial needs remain the same it may not be the best fit
-If your health changes you may not be able to get coverage in the future
Is it worth it?
If you expect your life insurance needs to decrease as you age, Layering polices may be a great option.
Professional Development
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