Sunday, March 16, 2008

Term Life Insurance FAQ

COVERAGE NEEDS


Q. What term length of life insurance is best for me?

There is no “best” length of term life insurance to choose — 10, 15, 20 or 30 years are typical life insurance terms. Younger people generally select longer terms, while people enjoying retirement choose shorter terms. The goal for most people when choosing a life insurance policy length is to protect their loved ones throughout their income-earning years — when their unexpected death would leave loved ones most vulnerable to financial hardship — or to offer additional support for retirement or to cover funeral expenses. A licensed agent from Matrix Direct can discuss the different options with you, to help you decide the amount of coverage and term that is right for you.

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