If you are new parents you may be considering the purchase of life insurance to provide financial security for your newborn.
However, there are two basic types of life insurance to choose form for providing the financial security your growing family needs.
You may choose between term life and permanent life insurance.
However, if you're on a budget, you'll want to look closely ate term life insurance, which offers the most affordable coverage by far.
And, with term life you can choose coverage lasting for a period of 10, 15, 20, 25 or 30 years, until your newborn is grown-up and self-supporting.
Here's how to shop for life insurance for new parents.