• This couple chose to purchase term life insurance costing $25/month for each of them.

  • 10 years later, they reviewed their finances and decided to purchase two more 30 year policies for under $50/month.

  • Now they each have $700,000 in life insurance coverage.

The author is not pictured.

"Buying term life insurance instead of pricier whole life means I can put an extra $1,200 a year in my retirement account" businessinsider.com, May 9, 2020, https://www.businessinsider.com/personal-finance/saving-by-choosing-term-over-whole-life-insurance-2020-5

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