What is the Best Life Insurance to Buy?
If you’re looking for life insurance you may be wondering which type is best for you.
The two basic types of life insurance are Term and Permanent.
Term life insurance is temporary coverage for a set period of time. Term life plans offer coverage for 10, 15, 20 or 30 years.
Permanent life insurance is lifetime coverage and may build up cash value inside the policy. Permanent life insurance costs a lot more than term life insurance.
Which type of life insurance is best to buy?
That depends on your own specific situation and what goal you want your life insurance plan to accomplish.
Term life insurance may be a good option for you if you need:
Who buys term life insurance?
Many people choose to purchase term life insurance including young families, new homeowners, and people on a budget.
Permanent life insurance may be a good option for you if you need:
Who buys permanent life insurance?
Many people buy permanent life insurance if they have a need for lifetime life insurance coverage and can afford the premiums to purchase a policy.
Do people buy both term life insurance and permanent life insurance?
Yes, many people choose to purchase both types of life insurance.
Why? Because a term life insurance policy can provide the short-term coverage needed at a lower cost, while a permanent life insurance policy can provide for final expenses.
Life Insurance Quotes
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