How Do You Compare Multiple Term Life Insurance Quotes?
Life insurance is designed to provide for your loved ones in the event of your death. Term life insurance is generally cheaper than whole life insurance but will only pay a death benefit if you die within the term of the policy. Term life policies will differ in premiums, coverage, length and renewability. Determine how long you will need term life insurance. If your last child will be finished with college in five years, and you and your spouse have enough saved for retirement, you may only need five years of term life insurance. However, if you are in your 20’s and have a newborn and a 2-year-old and you are the primary source of income for your family, you made need a term of a significantly longer time. Determine how much coverage you need. For example, if the only major expense that your family would be left with is the mortgage, consider getting a policy with a death benefit large enough to cover the mortgage. Compare whether the policies can be renewed without a medical exam pas
