When it comes to buying life insurance and choosing a plan, the best type of life insurance will depend on your own personal situation and needs.
Ask yourself - What do I want my life insurance policy to accomplish?
Your answer to this question will assist you in deciding which type of life insurance plan may be right for you.
For example, term life and permanent life insurance are the two basic types of life insurance.
A term life insurance plan may be a good idea if you need life insurance for 30 years or less. Since it is temporary, it costs a lot less than permanent life insurance, so you can get a lot more life insurance for your money, while you need the coverage.
On the other hand, a permanent life insurance plan may be a good idea if you need lifetime coverage, but not too much life insurance, since the rates are much higher than rates for term life insurance.
Or, you may decide to buy a smaller permanent life insurance plan to provide for your final expenses, and a much larger term life insurance policy for a period of 10, 15, 20 or 30 years, to provide more life insurance protection for your family.
Here's how you can learn more about the benefits of term life insurance vs permanent life insurance and compare rates online.
Ask yourself - What do I want my life insurance policy to accomplish?
Your answer to this question will assist you in deciding which type of life insurance plan may be right for you.
For example, term life and permanent life insurance are the two basic types of life insurance.
A term life insurance plan may be a good idea if you need life insurance for 30 years or less. Since it is temporary, it costs a lot less than permanent life insurance, so you can get a lot more life insurance for your money, while you need the coverage.
On the other hand, a permanent life insurance plan may be a good idea if you need lifetime coverage, but not too much life insurance, since the rates are much higher than rates for term life insurance.
Or, you may decide to buy a smaller permanent life insurance plan to provide for your final expenses, and a much larger term life insurance policy for a period of 10, 15, 20 or 30 years, to provide more life insurance protection for your family.
Here's how you can learn more about the benefits of term life insurance vs permanent life insurance and compare rates online.
RSS Feed
