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What Life Insurance Is Right for You?You have options when setting up the life insurance protection for your family. The first and most basic option is how much insurance to buy. To help you decide how much coverage you and your family need, you can use the Life Insurance Needs Analyzer. It gives you a fast assessment of how much coverage is right for you. You will also need to decide how long you want the coverage to remain in force at the original premium. In most cases, the longer your coverage will remain in force, the higher the required premium will be. However, if you need the insurance for a longer period of time, it is almost always cheaper in the long run to lock in the premium today (at your current age) than to let a shorter term expire and then reapply at an older age and, possibly, a less favorable underwriting class. Most term policies are offered with guaranteed level premium periods from 10 to 30 years (depending on how old you are when you first apply). To start the process of putting your protection in place, choose from one of these three options: Term Insurance for More Than $250,000 |
