Who Should Buy Term Life Insurance?

  1. 16470 POINTS
    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    Term life insurance is for people that are looking for higher dollar amounts of coverage at a lower cost. Whole life insurance can be much more costly for the same dollar amounts. Normally it is suggested that most people carry a combination of term and whole life insurance coverages. Contact a local agent to discuss your personal needs and concerns.
    Answered on August 15, 2013
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  2. 4249 POINTS
    Gary Lane
    President, Lane Independent Agency, Southern California
    Anyone who cannot afford permanent life insurance at this time, should have term life. Term life is temporary. It ends. And then you may no longer be able to get life insurance. So buy permanent insurance as soon as you possibly can, even if you have to combine it with some term. Permanent builds up value and eventually will actually be cheaper than term! So talk to your agent. And learn about living benefits that come with only a few term or permanent policies. Such things as Chronic Care, Critical Care and Terminal Care. These are benefits you can get with Premier Financial Alliance's National Life Group coverages. Thank you. GARY LANE. garylane@cox.net. 714 422 9616.
    Answered on March 2, 2015
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