What Type of Life Insurance Should I Buy?

Are you wondering What type of life insurance should I buy?

If you want to buy life insurance and you have started researching your options, you may be considering what type of life insurance policy to buy.

There are basically two types of life insurance – Permanent and Term.

Permanent life insurance provides life insurance coverage for your entire lifetime. Permanent life insurance builds cash value within the policy. However, Permanent life insurance usually costs between 3 to 10 times more than Term life insurance.

Term life insurance provides protection for a specific number of years, usually 10, 15, 20 or 30 years. If you have temporary needs to protect for 30 years or less, such as a mortgage or until your children are grown, then term life insurance may be the best option.

Term life insurance is a good choice for young families on a budget. Term life insurance offers you the maximum amount of protection at the lowest cost. Term life insurance offers the most affordable life insurance to meet your temporary needs that last up to 30 years.

Top Pick – JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.

Highly Recommended – Globe Life Insurance

Get FREE Information On How $1* Can Buy Up To $100,000 Globe Life Insurance For Adults Or Children

• No Medical Exam – Simple Application.
• No Waiting Period. Buy Direct.
• Rates As Low As $3.49 Per Month.
• The Globe Life Family Of Companies Has Nearly 17 Million Policies In Force.
• No Phone Required. No Credit Required.
• The Globe Life Family Of Companies Has Over $224 Billion Of Coverage In Force.
• Globe Life Is Rated A (Excellent) By A.M. Best Company As Of August 2023.

What type of life insurance should I buy