Life Insurance Planning
Questions to Consider
Why is life insurance worth it?
Life insurance is important because it’s a simple answer to a very difficult question: How will my loved ones manage financially if something were to happen to me?
What are the different types of life insurance?
Life insurance generally falls into two categories:
Term life insurance provides protection for a specific period of time (the term), often 10, 20 or 30 years.
Permanent life insurance provides lifelong protection, as long as you pay the premiums.
What is the average cost of life insurance?
The price of life insurance is based on a number of factors, but the most important are age, health and the type of policy. In general, life insurance is cheaper the younger and healthier you are.
Do I need life insurance?
That’s a great question. And the truth is, not everyone does. But ask yourself, “Would someone suffer financially if I died?” If you answered, “Yes,” then chances are you need life insurance.