The best type of life insurance for you depends on your situation, your goals, and your needs, as well as, your budget.
There are 2 basic types of life insurance: Term Life and Permanent Life Insurance.
Term insurance is best for short term life insurance protection, for example, paying off a mortgage loan or providing income for your spouse in the event of your early or unexpected death.
Permanent insurance is ideal for long-term safety net protection, estate planning, and retirement planning.
Many people choose to buy both types of life insurance policies - some permanent life insurance to protect against the future after other debts are paid off and some term life insurance to cover short-term debts, such as a mortgage loan, car loan, college loan, or credit card debt.
Term life insurance provides more bang-for-your-buck up front, but it's only for a short period. Term life offers level rates on life insurance for a period of 10, 15, 20 or 30 years.
Permanent life insurance allows you to pay the same premium each year for the rest of your life without having to worry about it increasing in the future.
Learn more about Permanent Life Insurance versus Term Life Insurance
There are 2 basic types of life insurance: Term Life and Permanent Life Insurance.
Term insurance is best for short term life insurance protection, for example, paying off a mortgage loan or providing income for your spouse in the event of your early or unexpected death.
Permanent insurance is ideal for long-term safety net protection, estate planning, and retirement planning.
Many people choose to buy both types of life insurance policies - some permanent life insurance to protect against the future after other debts are paid off and some term life insurance to cover short-term debts, such as a mortgage loan, car loan, college loan, or credit card debt.
Term life insurance provides more bang-for-your-buck up front, but it's only for a short period. Term life offers level rates on life insurance for a period of 10, 15, 20 or 30 years.
Permanent life insurance allows you to pay the same premium each year for the rest of your life without having to worry about it increasing in the future.
Learn more about Permanent Life Insurance versus Term Life Insurance
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