Permanent policies are unnecessarily costly
for most young families, whose priority should be getting adequate coverage at a reasonable rate.
The biggest problem with that is,
most young family members don't have the financial resources to pay any serious up - front cash.
Like most young families, we had drained our savings in order to buy our new home and were house poor the moment we moved in.
Term life insurance policies are generally more affordable than whole life insurance and for
most young families, an individual term policy will provide the protection you need at a cost you can afford.
Permanent policies are unnecessarily costly for
most young families, whose priority should be getting adequate coverage at a reasonable rate.
For
most young families or individuals under age 50, a term life insurance policy will be an ideal choice based on our experience.
For
most young families a 20 year term will be the best choice.