If you're shopping for a life insurance policy, you may be wondering if term life insurance is right type of coverage for you.
That's a good question. You want to make sure you choose the right type of life insurance protection.
There are two basic types of life insurance: Term and Permanent.
Permanent life insurance costs a lot more, but it does build some cash value inside the policy, and to does provide guaranteed lifetime protection as long as you pay your premiums on time.
Whereas, term life is much more affordable, offers greater flexibility and is easy-to-understand.
Usually, permanent life insurance costs up to 5 to 10 times more than term life insurance, because term life is temporary, lasting for a period of 30 years or less.
Learn more about deciding if term life insurance is a good idea for you.
