What should a 40 y old w/ wife/kids, etc. consider when looking for life insurance?
In my personal opinion, I would suggest a term life insurance policy. Unlike permanent life insurance, which has an investment component attached to it, term life insurance is pure life insurance. You pay a particular premium for a fixed period of time (term) ranging between five to thirty years and the entire amount is claimed back in the event of your death. As a result, term life insurance is the most affordable insurance option in the market today. The premiums are inexpensive and are generally fixed for the duration of the term. Term like is very useful when it comes to taking care of your funeral expenses and look after your dependents after your death.
Denise at AccuQuote Disclaimer: I work for AccuQuote and this is my personal opinion.
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