Question: When is an example of when you would purchase term life insurance as opposed to whole life insurance? 1. to pay estate taxes at death

When is an example of when you would purchase term life insurance as opposed to whole life insurance?

1. to pay estate taxes at death

2. for a bequest motive (inheritance or gift to charity of the second spouse

3. when you are young (e.g. 30) and plan o retire at age 60 and have sufficient retirement assets.

4. More than one of the above

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