People usually decide the term of their life insurance policy based on their estimate of how long it will take them to fulfill most of their financial obligations and have enough in savings and investments to be self-insured.
For example, if you have young kids and 25 years left on your mortgage payment, then a 30-year term life policy may suit your needs best.
The term usually coincides with people’s income generating days since life insurance needs diminish as one nears retirement.
Denise
submitted by Denise in Wheeling, US
@ April 01, 2011 - 05:31 AM
For example, if you have young kids and 25 years left on your mortgage payment, then a 30-year term life policy may suit your needs best.
The term usually coincides with people’s income generating days since life insurance needs diminish as one nears retirement.
Denise