Once you know how much coverage you may need, the next step is deciding on the type of coverage. There are two basic forms of life insurance: term and permanent.

Term insurance is the cheapest and simplest - you pay a premium and receive a defined amount of coverage for a specific number of years. At the end of the term, if you haven't died, the policy simply ends. This type of policy is ideally designed to provide for the financial goals you're working to achieve throughout your income earning years.

Permanent insurance continues for your entire life. Premiums are generally higher for permanent than for term life insurance as these types of policies combine a savings feature that builds up a cash value that helps maintain the coverage at an affordable cost later in life when an individual may either be unable to qualify medically or find themselves unable to afford term coverage. A permanent policy is a good choice when you need insurance to last into your retirement - to provide for final expenses, replace retirement income, for estate-planning purposes or other specific reasons.

Please feel free to give us a call at (888) 201-8865 if you would like to review your life insurance needs or use the feature below to request a quote.

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