Welcome back. It's Finance Friday, another special edition of Money Girl. This is the show where I answer your burning money questions. We love getting your questions, whether you're calling them in or sending them by email, so please keep them coming. Today's topic comes from a question from

Jennifer, who says, my husband and I both purchased 20-year term life insurance policies when we were

in our 20s. Now that we're in our 40s, the policies will expire soon. Can you explain our options

once we no longer have those policies?

Jennifer, I really appreciate your question. My husband and I recently faced a similar situation

with our life policies also expiring, so I can definitely help you consider all your options.

This podcast will review tips on determining if you need life

insurance and if so, how to maintain or replace your existing coverage. Welcome back, everyone.

It's episode 963 of Money Girl. I really appreciate you downloading the show and spending a little

bit of your precious time with me. I'm Laura Adams,

an award-winning author, on-camera spokesperson, money speaker, and founder of the Money Stack.

That's my sub-stack newsletter. You can learn more, ask your money question, and sign up for the

money stack when you visit laura d adams.com.

And you can get the newsletter for free or become a paid member with access to my live

educational and Q&A events.

Additionally, you can ask a money question by leaving a voicemail by calling 302-364-0308. I'll look forward to hearing from you and hopefully

featuring your question on the show. So I'm sure most of you know what life insurance is,

but let's just talk about the two main types of coverage pretty quickly. We have permanent life

insurance and term life insurance. Permanent

insurance is called permanent because it covers you for your entire life. And it typically

builds a cash value that you can tap. Term life insurance is different. And that's going to be the

focus of this podcast. Term coverage is just

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