Sunday, March 16, 2008

Term Life Insurance FAQ


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.