Term insurance provides protection for a specified amount of time. It pays a benefit only if you pass during the term. Some term insurance policies can be renewed when you reach the end of the plan. The usual length of a term is 1 to 20 years. The premium rates may increase at each renewal date.

Initially, premiums are generally lower than those for Whole Life insurance, allowing you to purchase more coverage at a younger age when the need for protection is often it's greatest. This policy type works great as a limited term, stand alone policy or as a supplement coverage policy, to cover a special need for coverage like a home mortgage.

The bad news is that the premiums for a Term Life insurance policy will increase over the years. This policy may become too expensive to continue on a long-term basis. Usually, this policy does not offer cash value insurance.

Long-term Care
Long-term care insurance can help you avoid depleting your family's assets in order to provide for your care. This coverage is in case of a serious illness or injury where you will have to stay in a care facility or rehabilitation center either temporarily or longer.

Disability Insurance
Your laid up for months due to an accident and can't work, how would your family be affected? Would your family be able to handle the financial burden? There are three main issues your family will have to deal with.

1. Your injury and what it means to the family's lifestyle.
   
   
2. The lost of income to pay monthly bills.
   
   
3. The costs of medical treatment, therapy treatments and special services.

These issues can be devastating to your family, especially if you do not have adequate disability insurance.

Disability Insurance is designed to protect your family by replacing a portion of your income with full or partial cash benefits. A life insurance agent can help you determine whether or not you have the right type and amounts of disability coverage.

Annuities
An annuity can provide your family with supplemental income to help maintain their standard of living. Many annuities earn tax-deferred compound interest until the time of withdrawal and can provide your family with a guaranteed income or guaranteed death benefits.

How do I choose a company?
There are many companies in the United States that sell life insurance. While some consumers prefer to buy policies directly from a company, most people buy life insurance through life insurance agents or brokers. Much of the information provided here would be helpful whichever way you decide to buy life insurance.

Find out more about Whole Life insurance; fill out the "quote" form and receive answers to your questions and a free life insurance quote!

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