This is the approach recommended by Jane Bryant Quinn and other leading financial advisors. To assist you in this regard, we have arranged for access to the leading independent database of term life insurance companies.
Term insurance protects against death for for the duration of the term.
For example, the term might be until your children are grown, or until retirement. Whole Life insurance is permanent and does not expire. A portion of the premium goes toward insuring your life while the other goes into an investment account. Unfortunately, the high overheads detract from the return on investment. Young families with large financial obligations are usually better off with term life insurance .