life term insurance

While term life insurance can be purchased to protect their family until they are old enough, some people may require a longer safety net. You might have special needs dependents, for example. A 30-year term life policy could be extended through the entire life of your child. It can also be used to provide financial assistance if your long-term plans for care and investment are not mature. An extended term, say 30 years, can offer protections to other dependents such as an older parent who needs your help.

No matter what your age, it is important to evaluate your life insurance policies in light of your goals and the financial needs of your family.

Here are some examples of 20-year policies for a 35 year-old male, non-smoker, with a Preferred rating. That is, someone with good health or very minor health issues.

Quick approval: You don't need to wait weeks for your results or undergo a medical exam. This is a great option if you are in urgent need of coverage, such as for a upcoming trip.

It is cheaper than permanent life insurance and covers a shorter time period. This makes term life a good choice for young families seeking temporary coverage. A policy can be purchased to cover your family's financial needs for the next five years and reduce your coverage if your children are financially independent.