Is Life Insurance a Necessity or Just an Additional Expense?
When you’re in the market for life insurance, term life policies are about as basic as it gets. A term life policy will provide coverage to you and your loved ones for a limited amount of time, as specified in the contract that you sign when purchasing the policy. Once that time period has ended, the policy is no longer valid and you no longer have coverage. Many people commonly choose a term that will coincide with their children’s 18th birthday or college graduation, or their own retirement. Typical terms can range in length from one year to 30 years.