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Ask Paula: How Much Should We Spend on a Wedding?
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Term Life Insurance - Should You Get Rid of It?
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The whole life portion of your insurance will always cost more than term life. With a whole life insurance product that expectation that they're gong to pay at some point is far, far, far higher. It's meant to last your whole life. Is meant to be there when you die. So for that reason, the cost of insurance is going to be expedientially higher than it will be for a term life policy. And part of the reason i think you should get rid of it actually has more to do with the fact that you don't eally know why you have it and also that you think you're spending 700 dollars a month, because you're not.
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