Term Life Insurance is often heralded as the best form of life insurance, and here are the reasons why:

1) It’s almost always the least expensive option. You get the most amount of coverage for the least amount of cost. Whole Life, on the other hand, is far more costly.

2) It’s flexible. You can get policies that always have the same premium, or ones that change over time. You decide what you’d like to pay.

Read the full post on Top 5 Reasons to Get Term Life.

1) Doesn’t Expire at the End of Term

Let’s say you’re 60 years old, and you get a 20 year “term” policy; when you turn 80 your life insurance coverage is still “in-force.” Most companies guarantee your annual renewal until the age 95. The price may change, BUT…

2) You Have Options When it Expires

You can keep the policy and pay the new premium that changes every year; but this can get costly. The second option would be to reduce your face amount so you can afford the monthly premiums and not have to take any new medical exams. A third option would be to apply for a new policy that meets your new financial needs.

Read the full post on Top 5 Things You Didn’t Know About Term Life Insurance.

1) LIFESTYLE CHANGE – Perhaps you’re getting married, having a baby, or taking on a new responsibility, in which you realize you need some type of coverage.

2) JOB CHANGES / RETIREMENT – Whether you’re leaving a job, getting a new job, or retiring, having your own life insurance can be very empowering. Too often people wait until retiring to get their own life insurance because they’ve always had it at their work. This leads to much higher premium rates.

Read the full post on Top 5 Reasons to Get Life Insurance.