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Term Life Insurance

The most economical Way to purchase life protection is term insurance

Term insurance has the advantage of providing maximum protection for the least monthly cost.

While it does not provide the advantage of building up equity or cash value as does whole life, it does provide the element of flexibility.

Before one buys insurance, the following 8 issues need to be reviewed:

1. How much insurance is needed? Reasonable projections of future expenses should be made.

2. How much insurance can you afford?

3. Who should be the beneficiaries?

4.What should be the term or length (in years) of the term insurance?

5. In my situation, will other types of life insurance be better, such as whole life or universal insurance?

6. Will I be able to follow through on the insurance agreement?

7. Which of the insurance companies will give me the most value for my money?

8. How reliable and substantial is my proposed insurance company?

For more information:

Term Life Article