Best Types of Life Insurance?

By | September 30, 2008

This really depends on what you are trying to accomplish!  If you are a young family with a mortgage and college educations to fund then Term Life Insurance will probably be the best choice.  If you have a large estate and have an estate tax problem then a permanent life policy and possibly a survivorship policy may be what you are looking for.

What you need to do is speak with a good competent life insurance broker or agent to help you decide on the appropriate type of policy.

Trying to find and then buy the best types of life insurance can be a very frustrating process.  With so many life insurance carriers that offer so many different kinds of insurance how do you know which is the right policy for your situation?  Here are a couple quick tips to help you in your search.

First work with a Broker who has access to multiple carriers and doesn’t represent only one company.  If they are a career or captive agent ask them if they can broker to the marketplace.

Second make sure your broker has experience in selling life insurance, in fact work with someone who only sells life insurance.  These two quick tips alone could save you hundreds of dollars a year on your premiums.

Great resource and research material below to help you make the right choice…

The Four Chief Types of Life Insurance
- Life insurance, at its core, is a means to protect the financial security of one’s survivors. It is generally thought of as a way to provide income replacement.

Types of Life Insurance – life insurance, family insurance, car …
- If you have a family or run a business, you certainly need life insurance. Life insurance comes in many different flavors and choosing the correct policy is often confusing.

Various Types of Life Insurance | Online Journey
- Life insurance, as we all realized the importance in backing up the financial stability of our family when we are no longer around to help them with our source.

A Few Time Saving Tips On The Big 3 Insurance Types | Life …
- One matter that some consider a required evil is insurance. In almost all situations, you must have this on your dwelling (if you are the owner) and you must also have it on your vehicles that you want to drive.

Whole Life Insurance – whole life insurance, whole life insurance …
- If you are considering purchasing life insurance, an overview of the available types should prove helpful. This article will briefly discuss the difference between whole and term life insurance, as well as some variations on whole life …

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