You can get huge savings on life insurance these days. Clark prefers that you buy level term insurance, which allows you to buy coverage for a certain amount of time. You hope that it never pays off and that you outlive your policy. But if it does your family members are set. Clark saw the news in the Allentown Morning Call, which publishes a lot of great consumer articles. This report shows that term policies have dropped by 50 percent over the past 10 years. So, if you took out a policy in the mid ‘90s or even early in the 21st century, you can replace your policy for a much lower price. Why have prices dropped so much? The first reason is because of the Internet. The second reason is because people are living longer and outliving their policies. So, reshop your policy and you could pay much less each month. You may pay a little more, but you want to buy only from companies rated either A+ or A++ by A.M. Best. And be sure to run away if someone tries to suggest variable life or universal life insurance.