The best type of life insurance policy is the one that is "In Force" on the day that you die.
If your life insurance policy expires the day before you die, it was an expensive mistake.
The cheapest life insurance plan is probably the policy scheduled to expire the day after you actually die.
However, since few of us know when we will actually die, we probably need to plan to have life insurance coverage over the time-frame that covers our financial obligations.
Many of those financial obligations might be on-going in which case permanent life insurance is the best policy to own. However, if you know you will only have financial obligations for a period of 30 years or less, a term life insurance policy may be the most affordable option for you.
Learn more about finding the best life insurance coverage to meet your needs.
If your life insurance policy expires the day before you die, it was an expensive mistake.
The cheapest life insurance plan is probably the policy scheduled to expire the day after you actually die.
However, since few of us know when we will actually die, we probably need to plan to have life insurance coverage over the time-frame that covers our financial obligations.
Many of those financial obligations might be on-going in which case permanent life insurance is the best policy to own. However, if you know you will only have financial obligations for a period of 30 years or less, a term life insurance policy may be the most affordable option for you.
Learn more about finding the best life insurance coverage to meet your needs.
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