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.
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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.