What Is The Best Life Insurance To Get?
530 POINTSview profileMs. Q. HarvelleLife Insurance Agent, Brokers Revolution,That depends on what your life insurance needs are. If you are a young working adult, consider term insurance. You can get more insurance coverage for less money. If you are older, have health issues or are a low income earner, consider final expense insurance. These are smaller whole life insurance policies that are specifically designed to just cover funeral arrangements, burial plots, caskets, etc. Final expense insurance is more expensive than term, yet still affordable in most cases.Answered on June 2, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaThe best life insurance to buy is the policy that will be in force when you die. There are reasons to purchase life insurance that has only a limited period of coverage but that should be carefully tied to the expiration of specific obligations. While the short policies have a much lower premium, it is the whole life policies that actually payout more because they don’t expire before you do.Answered on June 4, 2014flag this answer
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