@font-face { font-family: "Times"; }@font-face { font-family: "Cambria"; }p.MsoNormal, li.MsoNormal, div.MsoNormal { margin: 0in 0in 0.0001pt; font-size: 12pt; font-family: "Times New Roman"; }div.Section1 { page: Section1; } Single mother with mortgage, an older teen and young adult, good health so far? I am looking to cover anything that would have to be paid in the event of my death.
First, consider exactly what you want your life insurance policy to accomplish, what is the goal? Is it to pay you kids living expenses, college education, replace your income, etc.?
Then consider how much life insurance it will take to accomplish your goals, how long you need the life insurance, and what you can afford to pay.
If you need the most life insurance for your money, for a set number of years, term life insurance may be an option.
Term life insurance offers the most life insurance for your money, and provides coverage for up to 30 years. If you pass away during the term of the life insurance plan, your policy would pay out the death benefit to the person or persons you choose as beneficiary. Learn more about how term life insurance works and find out how you can compare term life insurance rates and plans online today.