What's the best way to get life insurance? What are the things we need to consider?

I am turning 40 this year, my hubby turns 50 this year.

Our life insurance cancels when he resigns from his state job. So now, we're looking for new life insurance coverage for both of us.

If you want to buy life insurance coverage first consider what goal you want your life insurance to accomplish?

Next, consider how much life insurance you both need, what you can afford to pay, and for how many years you need life insurance protection.

Then, decide if you need lifetime coverage (permanent life insurance), or temporary life insurance for up to 20 years or more (term life insurance).

Permanent life insurance costs a lot more because it provides lifetime coverage and may build some cash value inside the policy.

But term life insurance is the most popular because it cost a lot less, providing you the option of buying a lot more life insurance coverage for your money.

However, if you outlive the term of your term life policy, your life insurance coverage expires.

Here's how you can learn how term life insurance works and compare free rate quotes online in just minutes.