'Guaranteed' life insurance policies can sound tempting if you've been declined for insurance elsewhere. Here are four downsides and one alternative.

The Moneyist ‘The selling agent is long dead’: My $250,000 term life-insurance policy costs $2,000 a month. I’m 80. Is it time to ditch it? ‘I took out a $250,000 policy for a 10-year term.

If your term life insurance policy is ending and you’re still alive to see it, that is a milestone. It means your policy did its job by protecting your loved ones during your highest-risk years ...

For those who are not familiar with life-insurance policies and how they work: Term life-insurance policies usually last from 10 to 30 years, and they pay out if you die during that period.