Interestly enough that is a question I am often asked, Unfortunately I end up sounding like a politician, because it depends on a number of factors including: length of time you need the coverage for, affordability , investment risk tolerance, need going to increase, flexibility desired and more.
The answer to you question can be found by speaking with an insurance agent/broker.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.
Unfortunately, the complicated answer is "that depends". I guess to simplify it, the answer could be : 1.) if you are just covering for a short term risk, Term. 2.) If you are just looking for coverage for burial expenses, Whole Life. 3.) If you are looking to pass some estate, and have some extra cash laying around, Universal Life. This is immensely simplified, but really not that complicated. If you would like to go over this a little more, please hit the "contact me" button, and drop me a quick line. Hope this helped!
Insurance Adviser - Broker, SC Insurance Services, Oahu, Hawaii
What determines what the "best" is? Greatest value? Lowest price? Easiest underwriting? Fastest cash value growth? Strongest providing company? So it's a matter of personal opinion. And it should be determined by your goals and needs. As an Insurance Adviser I recommend the Mutual insurance companies as the best providers. Except in special circumstances I always recommend Whole Life as opposed to other types such as Term and Universal. But it really comes down to your personal goals and needs, so talk with your Insurance Adviser. If you don't have one, call me.
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The answer to you question can be found by speaking with an insurance agent/broker.
If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
If you would like to work with a local life insurance broker, you could start with a Google search. For example, if you search for: life insurance broker Halifax or life insurance agent Halifax, my name, along with several others, will come up. You can use the same method to find a life insurance broker in your community.