How long would your dependents need financial support?How much would you like to provide for burial expenses?With these dollar amounts, the calculator instantly computes how much life insurance you need to adequately cover your household debts and future expenses.After you’ve determined how much life insurance you need, it’s time to decide on a term length.
Choosing the right term length for your needs is important for multiple reasons. Rates for a longer term are more expensive than for a shorter term, but locking in your rates now for a longer term may end up saving you big in the long run. If you have health issues, work with an experienced life insurance agent who can identify insurers most likely to give you the best rates. Smokers, marijuana users and others with “risks” can also benefit from working with an experienced life insurance agent.Yes, cost is very important when selecting a life insurance policy. But don’t focus solely on price or you may sell yourself short on finding the best term life insurance policy and insurer for your needs.