The Porch Light copyright by Revka (2006-2010). All rights reserved.

Friday, August 10, 2007

Life Insurance

I know I have talked before about preparing for the future. Especially if you have a family, preparing for the future is an absolute necessity. In the event of your death, you would not want your family to have to deal with financial woes on top of the emotional difficulties that will surely accompany their loss.

Life insurance is one way to safeguard your family's financial state. I personally favor whole life insurance because it builds cash value which can be borrowed against should you face a dire emergency; however, term life insurance is often much cheaper in the short term and may be the best option for you if your budget is already tight. (You do have a budget, don't you?)

Talk to an insurance agent regarding your specific needs. After you understand what type of policy is best for you and your family, request a quote from several companies and make a selection based on which company best suits the needs of your family.