How Much Life Insurance Do I Need?
Knowing how much life insurance you need to secure your future can be daunting.
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What Type of Policy Should I Get?
Whole Life Insurance
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Whole life insurance, sometimes called permanent life insurance, provides coverage for your entire lifetime. That means your family and beneficiaries are covered for the duration of your life. Whole life insurance accumulates cash value, too, providing you the option of borrowing against it. It’s a financially smart way to help protect yourself and your loved ones. You can even buy a separate policy for children, so they have coverage for their entire lives.
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Term Life Insurance
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Everyone needs financial protection. With term life insurance, you can provide for your loved ones even if … well, you’re not there. It’s not easy to think about, but having a well thought out financial plan is a smart move. Term life insurance can be a cost-effective way to cover expenses like debt, college costs or even replace a wage earner’s income, so your loved ones will not be financially burdened.
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