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How to find good term life insurance?

Looking to get life insurance on myself. Need to replace 70K per year income in the event of my death. Need to support my wife and 4 year old son. What type of insurance would be best, and what type of investment advice could be given for my family to invest the money and live off the interest, leaving the principal untouched?

Public Comments

1. some banks sell term life insurance
2. Go to the link below. They are one of the best term-life insurance companies in the US. Zander Insurance
3. Primerica is the number one company that sells term insurance 100% of the time. Their ratings are pretty high. I own a 30 year term insurance through them. I don't know your age, but try to get a 30 year term or a 20 year term and invest the difference. You should start a Roth IRA and try to max it out every year. Read this blog for more info about life insurance: http://obe231.blogspot.com
4. The best type of life insurance would be level term life insurance - either 20 year or 30 year level term life insurance. Level term gives you coverage that remains level for a specific number of years, and your annual premiums remain level throughout the term of the policy. The amount would be approximately 14 times your annual income (at least). That way they could take the benefit amount and invest it in a conservative investment vehicle that provides 6-7% annual return. That could be government bonds or a high quality bond fund. Hopefully, if the time ever comes, the interest rates will be higher. However, this does not take into account your existing investments, which would lower the amount of insurance protection your family needs. To use a life insurance needs calculator, Go to http://www.term-life-online.com/term-life-insurance-calculator.html The amount of term life insurance a person needs will depend on their specific situation and the reasons for buying the life insurance policy. One way to decide how much term life insurance you should buy is to consider the needs of your family if you were to pass away prematurely. Term Life insurance may provide financial security to meet many of your family’s needs by providing a fund they can use to: Pay off an individual’s debts, such as medical bills, funeral expenses and health care costs Pay for estate taxes and other expenses related to settling their estate Provide a lifetime income for your spouse Pay off an existing mortgage on your home Pay for your children’s college education Provide retirement funds for your spouse Provide an adequate income for your spouse to give your family time to adjust to a new standard of living without you or your income Receive interest to provide money for some special need – such as travel, education or health care costs. Provide a monthly income until your children are grown up and living on their own. The future financial needs of your family should be a major consideration in deciding the right amount of term life insurance to provide the financial security they deserve. Another contributing factor is the amount of your annual salary. In addition, your family’s style of living they are accustomed to, your monthly expenses and future financial goals, such as, college tuition, retirement funding, vacations and living expenses. The best way to get the maximum amount of coverage at the lowest rates would be to compare online quotes for term life insurance. I recommend Insureme – They give you the five best life insurance quotes from top-rated life insurers nationwide. To request a free, no obligation quote, Go to http://www.insureme.com/landing.aspx?Refby=613403&Type=life I hope that helps! Take care and best of luck!
5. It all depends on your age and several different factors about your current situation .You really need to talk with an agent if you are undecided about what type of life insurance you would like to purchase. I posted a website with a few good articles listing some life insurance options.
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