Life Insurance Quotes
life insurance has become the primary choice for
young families that have significant financial obligations.
Why is this and what is the difference between term
and whole life policies?
Life Insurance and Whole Life - What are the differences?
life provides coverage for a person against death
for a limited time period. Usually this is between
10 and 30 years. This is the term. It is common
for parents to purchase a term that lasts until their
kids are through college, or when they reach retirement.
The reasoning is, after the kids have graduated college,
they should be young adults able to fend for themselves
and will not require a death benefit if a parent dies.
life is a permanent policy that does not expire
and provides essentially the same coverage as term
life insurance but has an investment component.
Part of the premium you pay goes to the life insurance
policy and the other portion goes into an investment
is better for you?
should consult with a financial advisor, but generally,
younger families find term life insurance appealing
for 2 major reasons: