Life insurance gives you peace of mind but can also cost a bundle, especially if you want a policy that covers you throughout your lifetime. A way to defray those costs is to take out a blended life insurance policy, which combines term life insurance with permanent life insurance, with the goal of the policy eventually becoming permanent coverage entirely. It will cost you less in annual premiums but does have some drawbacks. Here’s a look at the pros and cons of blended life insurance.
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