The Best decision in my life next to marriage and buying a home.

You may want to consider contacting a Life Insurance Agent in your area to run what we call a Financial Needs Analysis (They may call it something different). I am a licensed Agent and do this for my clients at no cost. This analysis helps us determine your needs and goals. At your age, Term Life is likely to be the best option. However, it depends on your outstanding debt, your annual income, if you have children/spouse, what your goals are, and what you want it to cover. Heres the thing, when you are younger, your debt seems to be higher, you may have children you want to go to college, and your spouse will probably not be able to survive without some or all of your income if you were to suddenly pass. As you age, the mortgage/debt gets paid down, you typically make more money and can afford a permanent policy, your children (if you have them) have grown and can take care of themselves so there is less to worry about covering with the payout benefit. Term insurance is more affordable and can be converted toward the end of the policy term to a permanent policy if you decide you want it. Whole Life policies are pemanent and most earn a cash value that you can borrow against or cash out later but you pay a higher premium for less coverage usually. You should compare rates for both Whole Life and Term Life with a few companies and also see what riders they offer.