But, I'm not sure how to choose the right life insurance plan.
Basically, there's two types of life insurance: Term Life and Permanent Life Insurance.
If you need life insurance at affordable prices for a period of 30 years or less, then a term life policy may help accomplish your goal.
If you need life insurance that is guaranteed to last your entire lifetime, no matter how long you live, then a permanent life insurance policy may accomplish your goal.
With term life you can choose coverage for a period of 10, 15, 20 or 30 years. The shorter the duration of your term life insurance policy, the lower your annual cost.
Learn more about term life versus permanent life insurance.