Ask Terry Questions Survivorship vs Life insurance

Survivorship vs Life insurance

By Terry Savage on January 27, 2022 | Insurance & Annuities

Which is better to have, $300,000 in life insurance (half term and half whole) for $313 a month or $1,500 in survivorship for $318 a month?
We can’t keep both.
Thank you very much.

Terry Says

I’m sorry. I don’t understand your question. You haven’t described your policies very well. And I don’t know your age!
Is this meant to be life insurance for a surviving spouse? Do you have policies on each of your lives?
At some point the term will run out, you know. So age and need is important. Please post again with more details of your policies so I can point you in the right direction.

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