Term Insurance is essentially a life insurance with a fixed rate for 10, 20, or 30 years.
I have pre-qualified for $25 a month for 30 years of life insurance, in case of death of me of my spouse, we receive $500,000.
I also have life insurance at work at a much cheaper start, but the rate will increase the older i get.
Should i bother paying monthly for me and my wife until we are 50, paying $50 a month???