What is a Good Life Insurance Plan?

I'm want to apply for life insurance for me and my husband but, what is a good life insurance plan? Also, where do I apply for life insurance?

If you are looking for life insurance for you and your husband, you may want to ask yourself a few questions before you begin your search.

First, what do you want your life insurance to accomplish, what is the goal of having life insurance?

Next, how much life insurance do you and your husband need? What type of life insurance will accomplish your goals? And, what can you afford to pay for your life insurance?

Also, how long will you need life insurance - until the kids are grown, or your home mortgage is paid off?

Once you have considered these questions you should understand the main benefits if the two basic types of life insurance: Term and Permanent.

Term life insurance costs a lot less than permanent life insurance because it is temporary, usually for up to 30 years, and that means you can afford a lot more life insurance for your money.

Permanent life insurance provides lifetime protection and may build up some cash value inside your policy over time.

If you have short term life insurance needs of 30 years or less, term life may be the best option.

If you are unable to save money for funeral and burial costs, and need lifetime coverage, permanent life insurance may be a good idea.

In addition, you can buy both types of life insurance policies to provide for your short and long term life insurance needs.

And, term life insurance may offer conversion options so you can convert your term life insurance into a permanent life insurance plan by a specific date in the future, if your life insurance needs change.

Here's how you can learn how term life insurance works, and request free term life insurance quote comparisons online with no obligation.