If you want a direct, simple life insurance plan that doesn't involve components of savings, then you probably want term insurance. Term insurance protects you for a specified 'term' which you'll decide on with your insurance agent, and doesn't have a cash value. You may be able to renew your term life insurance until you're sixty-five. There are several variations of the plan, such as decreasing benefits but fixed premiums. You may want to consider term life insurance if you have small children, if you're buying a home or if you simply need a large amount of coverage for a set amount of time. Consult an insurance agent in your area to see if term insurance is right for you.
©2006 Crossroads Mobile. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
