Some important factors to consider when purchasing Life Insurance will be based on your particular situation such as your age, health, income, other investments, financial loans, tax and dependents. There are many products available in the marketplace that could be considered short term, or temporary solutions such as term life insurance as well as long term solutions using permanent products such as whole life or universal life are cons. Your circumstances and financial means each play a role in determining the best solution for you.
Ownership structure of life insurance plans and beneficiary designations should be planned carefully and also reviewed on an on going basis. We recommend that you contact a licensed insurance professional to review your personal needs and budget so that a carefully tailored plan can be recommended to fulfill your short term and long term life insurance requirements.