If you have a family, you need to have short-term level life insurance not universal, whole life, or variable life insurance. This provides protection for your family. The recommended amount of life insurance to carry is ten times your annual income. For example, if you earn $50,000 a year, you should carry $500,000 in short-term life insurance. The term is up to you. If you have small children, you want to make sure that you at least cover them through a four-year college. This way, in the event that you die before they are out of college, there will be money for your spouse to provide for the family.
Also, don’t forget to purchase term life insurance for a stay-at-home spouse. This person works hard at home and if they die, you’ll have to pay someone to do all those things she or he does around the home.
Short-term life insurance is very cheap and absolutely ensures that your family will prosper should you die prematurely.
One great thing about term life insurance is you can securely obtain quotes on-line without talking to anyone.