What type of life insurance should you buy
You are likely to need some type of life insurance if others depend on you for financial support, if you provide your family with such services as child care, if you need to consider protecting a surviving spouse or if you have accumulated substantial assets. When I was single, life insurance was not a priority of mine. It was not until I got married that I bought my first term life insurance policy. I thought the amount was fine until we had our first child. At that time, I almost doubled the amount of life insurance that I had. It might be the extreme, but I want to make sure my family is taken care of in the event something were to happen.
There are several types of life insurance that you may need and want to consider. For any younger age individual, term life insurance is the way to go. There are some cases where the others “may” make sense, but in almost every occurrence I’ve came across somebody having them, they were sold to the person and not the type of life insurance they needed. […]
