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Blended life insurance: 2 policies in 1

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Blended life: Best of both worlds?
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Blended life: best of both worlds? © Gajus Shutterstock.com

Blended life: Best of both worlds?

When you buy life insurance, you buy peace of mind. You can feel confident that your family will be protected -- financially -- if something were to happen to you.

But that protection can be pricey if you want a policy that covers you throughout your lifetime. A way to defray those costs is to take out a blended life insurance policy that combines the advantages of the two main types of life insurance.

Look up rates on life insurance

It will cost you less in annual premiums but does have some drawbacks. Here's a look at the pros and cons of blended life insurance.

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