Co-Founder, Coastal Financial Partners Group, California
It is not possible to know what is right for you specifically without meeting with you. In general, consider whether your protection needs are temporary or indefinite. Temporary or finite needs of less than 30 years can be met by term life insurance for periods such as 10, 15, 20 or 30 years. The coverage is surprisingly affordable (dollars per day). When the policy expires, coverage ends. To prevent that, either consider permanent (cash value) life insurance now or in the near future to ensure you do not outlive your life insurance.
Meet with a life insurance professional who can analyze your situation and recommend exactly what you need.
Founder, Abrams Insurance Solutions, Inc., San Diego, CA
The type of life insurance that is right for you will depend on many factors and should be discussed with an insurance professional. If you only want a death benefit, then a term might suffice, or permanent policy if you want the coverage to last beyond 30 years. If you are looking for a financial vehicle to use for college funding or tax-free retirement income, then you should look into an indexed universal life insurance policy. There are several policy types and uses that would require more information to advise you properly.
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Meet with a life insurance professional who can analyze your situation and recommend exactly what you need.