The choices are almost endless. One popular option allows you to 'borrow' the accumulated investment from the policy. This can come in handy for college tuition or other major known expenses where it's nice to begin saving a little bit on a regular basis. Selecting an insurance company can also be challenging. According to industry sources there are over 2,000 companies that sell life insurance in the United States and Canada.
Prices vary significantly.
But there's more than price to consider. Make sure you select a company with a high rating. Independent rating agencies do the homework. You just need to ask your agent what the company's rating is. Your agent should also be selected carefully.