What's the right kind of Life Insurance coverage?

The answer to this question: there is no right or wrong!

Many professionals and consumers have their own personal opinion and view as to what's the right type of coverage, the answer every one's searching for........it's up to you.

The best way for someone to help a consumer understand the main distinct differences between the two main types of life insurance coverage are: The difference between owning a home and a renting a home.

Term Life Insurance- Renting

1. The cost will always be lower.
2. It suits most consumers who need protection now.
3. Most economical way to get the most amount of coverage.
4. After the term (Rental) is up, generally 20-30 years, the landlord in this case, the life insurance company, has the right to kick you out or renew at higher premiums.
5. This type of coverage is not recommended or intended to remain in place for the life of the insured.

Permanent/ Whole Life Insurance- Owning

1. Coverage remains in place as long as you want it.
2. Guaranteed level premiums.
3. Equity is built up, allowing the consumer to tap into it in the future.
4. The only real way to ensure the death benefit will pay out.
5. This type of coverage is recommenced when the need for protection is indefinite or forever wanted.

At Securing Life Today- your life insurance solution, we can help you find the right coverage that fits your needs.

You pick the price!

www.securinglifetoday.com