Term Versus Permanent Life Insurance- Whats Right For You?
Almost everyone needs life insurance. Whether its to pay off debts, ensure the family income and standard of living, make sure college can be paid for, leave a bequest to charity, provide liquidity for a business or real estate, or hedge against the return of estate taxes. Most of our clients need at least some life insurance. At the same time, two people who are outwardly similar may have very different needs, cash flows, risk tolerances, and so forth. For many people, the biggest decision is not the amount of insuranceits how to pay for the insurance they need.
That brings up the term versus permanent life insurance consideration.
In some cases, the need for insurance is temporarymaybe for the next 20 years, until the house is paid for and the kids have left the nest. In other cases, the need may be for a longer termmaybe until a business interest is sold. The need may, also be for a lifetime–to ensure estate taxes can be paid[1] or to provide cash to equalize an estate, and so on.
When Should You Consider Choosing Term Life Insurance?
Term life insurance is much like a...
To view and download this full PLR article, you must be logged in. Registration is completely free. Once you create your account, you will be able to browse, search & downlod from our PLR articles database of over "1,57,897+" on 1,000's of niches and 200+ categories without paying a penny. Click here to signup...
