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"While life insurance is important, the high premiums of whole life policies might be costly and it may be more cost-effective to look at term life insurance," says, agrees that you should think twice before buying life insurance over 50."If you already have an existing policy, that's great. However, if you don't have an existing policy, the cost of this insurance makes it a poor choice as you get older," he says.
"If you tend to buy the latest phone, laptop, or other tech as soon as it's available, it might be worth evaluating how much quality that's adding to your life," says