1. 1313 POINTS
    Lenny Robbins
    Principal, LifeNet Insurance Solutions, Redmond, WA
    Term life insurance should be purchased in several situations.  The most obvious is when the protection needed is for a definable period of time such as a loan or other obligation.  It is also appropriate at when starting a family where the amount of protection is large, but usually affordable due to the applicant's young age.  Of course, each situation is different and should be discussed with an agent who can give suggestions on what type of coverage is appropriate.
    Answered on July 20, 2014
  2. 10968 POINTS
    Tim Wilhoit
    Owner, Your Friend 4 Life, Brentwood TN
    Term life insurance is appropriate in many situations. It is primarily used to create an instant estate in a sudden or unexpected death of an income earner or someone that would incur debt. Term life insurance is used to payoff a certain debt, educate minor children, payoff business debt, financially replace a key employee or business partner or replace income for a family. It can be bought for a period of time and is by far the most affordable option in life insurance.
    Answered on July 21, 2014
  3. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    You can buy Term Life Insurance at almost any age. It is more difficult to find Term policies that cover children and the aged, because permanent policies are the preferred type of coverage for those age groups. For persons aged 20-80, you can buy Term Life Insurance whenever the need arises. The younger you are, the less it costs, all other things being equal.
    Answered on July 21, 2014
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