Term insurance provides coverage for a predetermined period of time. Permanent life insurance offers coverage for an open-ended period of time, as long you continue to pay the premiums. The premiums are higher than those of term insurance, but these products also accumulate a cash value that the policyholder can borrow against or receive upon surrendering the policy.
Here is a tool to help determine the amount of life insurance that you need.
Once you settle on a figure, we can quote term and whole life policies to help you determine what fits your budget. For more detailed long term financial planning including how life variable life insurance products can be used to compliment your retirement strategy, we are always available for one on one consultations with no obligation to purchase.