Many families not only have to provide for themselves and their children, but also for their aging parents as well. They're the first generation of Americans in the 20th Century to have this dual responsibility.
Many people agree that life insurance is the first step.
Now, you don't necessarily have to choose between them. You can have them both. Most companies offer several variations of coverages, such as 25 percent permanent with 75 percent term, or a 50-50 mix. This allows you to choose the combination that best suits your budget and your goals. It's an ideal way to get all the coverage you need and the cash value accumulation you want, at a price that's right for you.