Choosing the Right Type of Life Insurance
Are you shopping for life insurance protection?
If so, you may be wondering which type of policy will best meet your needs – Term or Whole life insurance.
When it comes to life insurance choosing the right plan is the most important decision you will make to guarantee your loved ones have the protection they need when they need it, and remain within your family’s budget.
It makes no sense to buy a life insurance policy you can’t afford to keep should your finances change, and then you are left without financial security for your family when they need it most.
That’s why your budget – How much you can afford to spend each month on your life insurance – is a very important consideration when choosing the right plan.
Key Issues to Consider
Benefits of Term Life Insurance
If you need protection to last until the house is paid off, the kids are out of college, for a duration of thirty years or less, term life can help.
If you need the largest amount of protection to fit your budget, then term life may be a good option for you.
Benefits of Whole Life Insurance
If you need life insurance that is guaranteed to last no matter how old you live to be, then permanent (whole) life insurance may be the right option for you.
Examples of Life Insurance Needs
and the Best Fit for Coverage
Term life insurance may be a good fit for the following situations:
Whole life insurance may be a good fit for the following situations:
Life Insurance Quotes
Top Pick – JRC Insurance Group
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