There are number of different types of Life Insurance policies. The purpose of this article is to familiarize you with the most common ones. Your agent can help you determine which type of life insurance is appropriate for your current and future needs. The rule of thumb is that if you are young and single and have no one else depending on your income, then you probably don’t need it.
If you are married without children and both of you are working, then you probably need only a limited amount to cover expenses associated with your untimely death. But if there are family members who depend upon your income, then life insurance will be a very important component of your financial planning needs.