You may want to buy life insurance now if you have a reason for life insurance coverage, an actual need.

Many people buy life insurance now because rates increase with age, so, the sooner you lock-in your rate for life insurance, the lower the cost of your life insurance policy.

In addition, if you do have a need for life insurance, why procrastinate? Why not get the protection you need now, instead of putting your loved ones at risk, in case you die unexpectedly?

There are many reasons people c...
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Why do people buy whole life insurance?

There are a few common reasons most people purchase a whole life insurance policy.

1. To provide lifetime life insurance protection.

2. To build up cash value in a life insurance policy over time from which they may be able to take a loan if needed.

3. Because they are older and don;t have any money saved to pay for their funeral and burial expenses.

Otherwise, many people choose to buy term life insurance because it costs a lot less, and provides the most l...
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Term life insurance is temporary life insurance coverage for a set period of time, usually up to 30 years.

So, would would someone buy term life insurance?

Usually people choose to buy term life insurance for any of several common reasons:

1. To get the maximum amount of life insurance for their money.

2. To have flexibility in choosing how long they have life insurance protection. 

3. To provide for short-term life insurance needs.

4. Budget - Because they have a limited amount of money and need t...
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