Term LIfe Policy with a Newborn on the Way?

Posted in Term Life Insurance over 3 years ago, 1 reply

My wife and I are both 32 and are expecting our first child in 3 months. We both have life insurance with our employers but would like more coverage - what type of term policy should we get? HOw much should we be covered for?

submitted by Doug in Gilbert, AZ

I think if you are on an budget, get term. You can always convert it to WL down the road. If you want WL on a budget, get a small amount. You won't get as much coverage as term, but it will grow over time.

submitted by Atara in Louisiana @ April 25, 2009 - 04:06 AM

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