Buying term insurance in your 50s? Better late than never

It is easy to feel a little past your prime by the age of 50, especially in today’s youth-centric world. However, turning 50 is a watershed moment in one’s life. This age will not only provide you with chances, but also present you with obstacles. The good news is that you will most likely make more money in your 50s than you did early in your career, affording you financial freedom. At the same time, you may be faced with additional large expenses, such as your children’s higher education or marriage, or even the prospect of purchasing a new house.

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