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There are new types of Universal Life policies that act like Term policies but are a little cheaper. These do not build cash value, nor are they guaranteed for life. You have to ask someone to run you a proposal for a Guaranteed Death Benefit for 20 or 30 years. At your age you will come out better that way, and it gives you a little more flexibilty if you decide to keep it.
Young people always think that their investments will cover the rest, they are usually wrong. It is almost impossible to get a 60 year old man to give up his insurance no matter how much money they have.
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