Does Suze Orman Hate Whole Life Insurance? 
Term life insurance is a specific product for a specific need . Unlike various forms of permanent life insurance , term is designed to expire before you do . Term life insurance may be perfect for needs with a defined time limit . You can use it to cover debts such as a mortgage that is to be paid off in a specified number of years such as 15 or 30 years . Term life insurance could be used to satisfy a divorce decree where child support or even alimony -LRB- with a time limit -RRB- is required . Some business obligations are also situations where a term life insurance policy might be a good idea . But if you have a permanent need , such as for estate planning purposes -LRB- including estate liquidity -RRB- , term life insurance may not be your best choice . Suze Orman is not an agent , does not know you or your circumstances . She has no idea how much life insurance you should have any more than Jay Leno would . Suze Orman is not accountable by any means for poor advice she may offer regarding your insurance needs . 