Are you shopping for life insurance?
If so, you may be wondering what type of life insurance to buy.
There are two basic types of life insurance: Term and Permanent.
Term life insurance is the lowest priced life insurance and provides temporary coverage for up to 30 years.
Whereas, permanent life insurance provides guaranteed lifetime protection, costs a lot more, and builds up some cash value inside the policy over time.
If your need for life insurance is for 30 years or less, then a term life policy may be a good idea. Term life offers "terms" of 5, 10, 15, 20, 25 or 30 years of life insurance protection. You choose how long you need the life insurance to meet your needs.
In addition, term life usually offers conversion to a permanent life insurance policy by a specific date in the future of your policy if you decide you want lifetime life insurance protection, so you have that flexibility.
Learn more about term life insurance vs permanent life insurance to help you decide which type of life insurance is right for you.
If so, you may be wondering what type of life insurance to buy.
There are two basic types of life insurance: Term and Permanent.
Term life insurance is the lowest priced life insurance and provides temporary coverage for up to 30 years.
Whereas, permanent life insurance provides guaranteed lifetime protection, costs a lot more, and builds up some cash value inside the policy over time.
If your need for life insurance is for 30 years or less, then a term life policy may be a good idea. Term life offers "terms" of 5, 10, 15, 20, 25 or 30 years of life insurance protection. You choose how long you need the life insurance to meet your needs.
In addition, term life usually offers conversion to a permanent life insurance policy by a specific date in the future of your policy if you decide you want lifetime life insurance protection, so you have that flexibility.
Learn more about term life insurance vs permanent life insurance to help you decide which type of life insurance is right for you.
RSS Feed
