The majority of life insurance needs are short-term and should be covered with Level Premium Term Life. Guaranteed premium are available from all major life insurance companies for 10, 15, 20 or 30 year periods. To gain flexibility, consider overlapping 2 policies, for example, purchasing one plan for 10 years and a second plan for 20 years.

AM Best Ratings

The "AM Best Rating" is the best known rating service for the insurance industry (www.AMBest.com). You should only purchase insurance from an A++ or A+ rated company (the top 2 rating classes). You do not have to spend more for the highest quality coverage.

Conversion Feature Important

Term insurance is convertable to Permanent coverage, should you need to continue your coverage beyond the guaranteed period.This could be important, should you develop a life-threatening illness, or need coverage for some other reason.

Who May Need Permanent Insurance?

Is your need for insurance temporary? If your estate is illiquid or you own a family business, you may have a need for permanent coverage. Your planner will address those issues with you. You can use this site to receive comparisons of term vs. permanent coverage.