First, ask yourself this question - How long do I really need my life insurance protection to last?
If the answer is 30 years or less, then term life is probably right for you.
When choosing term insurance you'll want to be aware of the following:
- Select a duration (term) that fits your specific needs.
- Term life usually offers coverage for a term of 10, 15, 20, 25 or 30 years.
- Choosing annual premium payments can save you money.
- Using a needs calculator can help you more accurately determine how much insurance you need.
Here are some more helpful tips on how to choose term life insurance coverage.