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Life insurance provides financial protection for your family in the event of your passing.
Life Insurance Basics
There are a variety of life insurance products. It can be very confusing but it can be broken down to Term Life being the least expensive over a 20 year period. A cash value Whole or Universal life and Variable life will be more cost effective over a 25 plus year policy when purchased through a quality cash value life carrier.
The rule of thumb is provide 10 years of income because the average woman who loses her spouse remarries in eight years. If the woman is the breadwinner the average man remarries in two years. Plus pay off any outstanding debt, provide for kids college costs and we will add on an inflation factor.
Life Insurance
There are a variety of life insurance products. It can be very confusing but it can be broken down to Term Life being the least expensive over a 20 year period. A Cash Value Whole, Universal life and Variable life will be more cost effective over a 25 plus year policy when purchased through a quality cash value life carrier.The rule of thumb is provide 10 years of income because the average woman who loses her spouse remarries in eight years. If the woman is the breadwinner the average man remarries in two years. Plus pay off any outstanding debt, provide for kids college costs and we will add on an inflation factor.