answersLogoWhite

0


Best Answer

Best type of life insurance for YOU may not be the right coverage for another person.

If you are looking for temporary protection until your children are financially independent you may want to consider term insurance. Term insurance policies with Return of Premium are also available, which return all of your premiums at the end of term if you outlive your term policy.

If you want to have protection throughout your life and protect your spouse or dependents after your own retirement, then a permanent type of life insurance will be the best for you.

If you're looking to supplement your retirement funds you can get a whole life or universal life insurance policy and also can take loans out of the cash value.

User Avatar

Wiki User

โˆ™ 2012-03-09 14:34:56
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
Study guides

Nutrition

22 cards

If you were laid off and apply for insurance coverage on your wife's group policy do you have to answer a medical questionnaire

How many grams of cholesterol should you eat each day to maintain a healthy diet

What would cause a fluttering inside the ear canal

Why is beef fat a solid at room temperature

โžก๏ธ
See all cards
4.5
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
2 Reviews

Add your answer:

Earn +20 pts
Q: What is the best type of life insurance?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Where could one purchase cheap life insurance?

Zander insurance shops around to find the best insurance prices available. They do not deal with whole life, universal life or any other type of cash value insurance. They only deal with term life insurance, which is the best buy in insurance industry.


What companies sell the best life insurance?

It depends on the type of life insurance you want,often it is better to but Term Life insurance rather than Whole life insurance. There are many companies that offer quotes on life insurance policies and the way to find the best rates is to shop around and compare prices and policies.


Best company for life insurance leads?

There are a number of great companies out there that will get you quality life insurance leads. It all depends on the type of leads that you prefer to generate them.


Where can you buy insurance in New York State?

"Depending on what type of insurance you are seeking in the state of New York, Progressive Insurance and Nationwide Insurance may be in your best options, if you are seeking life insurance on the otherhand I would begin with Colonial Life Insurance."


Is the mortgage on a house pay off upon death?

No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.No. Not unless there was some type of insurance in place to that effect, either mortgage insurance of a life insurance policy.


Is an annuity a type of life insurance?

Yes an annuity is a life insurance product. Its kind of like the opposite of life insurance.


Which companies offer the best rates on life insurance?

PEMCO offers the best rates on life insurance.


What type of life insurance is often used as mortgage insurance?

The type of life insurance that is more than often used as mortgage insurance is known as decreasing term.


What type of life insurance should you buy?

Mortgage insurance


What type of insurance is also known as ordinary or straight life insurance?

Term life insurance, or otherwise known as pure life insurance protection.


What is the best insurance policy?

The best insurance policy would depend on the type of insurance you're looking for. Whether it's home insurance, auto insurance, or life insurance, your bank should be able to assist you. Or, alternatively, you can also look into Manulife Financial as an option.


How can someone with a disability get the best rates for life insurance?

Yes, disabled people can get the best rates for life insurance.


What type of insurance does Nationwide offer?

The insurance company Nationwide offers life insurance. They offer different types of life insurance, which include things like whole life insurance and term life insurance.


Who has the best rates on life insurance?

You can compare available life insurance rates at www.lifeinsurancerates.com.


Affordable Life Insurance?

form_title=Affordable Life Insurance form_header=Find the best life insurance company and lowest rate. How much coverage do you want?= {(),$100000,$200000,$300000,$400000,$500000,$600000,$700000,$800000,$900000,$1000000,$1500000,$2000000,$2500000,$3000000,$4000000,$5000000,$10000000 } Do you currently have any type of life insurance?= () Yes () No What type of life insurance are you looking to buy?= () Term Life () Whole Life () Not Sure


What 's a term life insurance?

Term life insurance is a type of life insurance that covers an insured for a specified period of time. The best example of this is flight insurance - a term policy that covers you only while during the plane trip. As a comparison, term life insurance is usually cheaper that whole life insurance as whole life builds cash value that you can borrow against, while term insurance does not provide this.


Which type of life insurance policy combines term insurance and investment elements?

Universal life


Is term insurance the most expensive type of life insurance?

No, term insurance is not the most expensive type of life insurance. Usually, term insurance is the most affordable type of life insurance. Term life insurance usually costs 2-3 times less than permanent life insurance. Why? because term life is temporary coverage, usually for 1-30 years, and it builds no cash value inside the policy. See for yourself: Free term life insurance quotes at QualityTermLife's website.


Where can one find a life insurance definition?

Life insurance is an agreement with a company to pay a specific amount of money to your survivors upon your death. You should speak to a local insurance agent if you are interested in finding out which type of insurance policy is best for you and your family.


Difference between Reliance Life Insurance and LIC Which company is best In life insurance?

LIC


What is a trem that best describes life insurance?

"With Life, Even After Life".


What are the benefits of universal life insurance and what are the possible drawbacks of this type of policy?

What are the benefits of universal life insurance, and what are the possible drawbacks of this type of policy


What factors are important when choosing life insurance?

Some important factors to consider when choosing life insurance, inlcude: How long need life insurance. How much life insurance you need. What type of life insurance to buy. The financial rating of the insurance company. The customer service of the insurance company. How much you can afford to pay for life insurance. Your goal for buying the life insurance. Who to name as beneficiary. Anyway, if you are looking for a very affordable life insurance, I recommend you check the site below to get free quotes and compare premiums between different insurance companies in the US. The website will pull up comparable premiums from the database, that would give you the best insurance quote and decide which one is best for you. http://www.goodinsurancepolicy.com


What family life insurance offers the best coverage?

There are many different wonderful life insurance companies that offer great coverage. It all depends on which type of plans you are looking for and other factors.


What is the cheapest but best life insurance company get life insurance from?

There are so many professing to be the cheapest. Cheap does not necessarily mean best