How does term life insurance work?
If anyone depends on your income right now, you need term life
insurance. It protects your family by replacing your income—which
makes term life one of the most important parts of your financial
How much life insurance do I need?
You need 1012 times your yearly income in term life insurance. When
that money is invested well, your family can live comfortably on
the return of that investment. For many people, a 20-year term is
Why is term better than whole life insurance?
Whole life insurance is a rip-off! It often costs hundreds of
dollars more a month and includes a "savings" plan with a terrible
return. Instead, pay a fraction for term life insurance and save or
invest what you would have paid for whole life insurance.