Whole vs. term life insurance: Which is the right choice for you?

According to a recent LIMRA and LIFE Foundation study, more than 50% of American respondents overestimated life insurance costs by three times or more than the actual amount. Most policies average between $40 and $55 a month, depending on the coverage type. This discrepancy in cost expectation can lead to putting off coverage or dismissing life insurance as an unaffordable luxury exclusively for the wealthy. 

Read the full article in the Finances FYI section of The Seattle Times, sponsored by 1st Security Bank.