What Do I Need To Know About Term Life Insurance? 
Term covers you for the period you sign up for , so long as you continue to pay it . It builds no equity , and is like renting a home rather than buying . It is good for starting out but you want to try to build to Whole Life if you possibly can . Even a little of both would be better , but remember , some life insurance , either Term or Whole is better than none . I would love to discuss your options with you . New York Life , America 's oldest , largest and highest rated life insurer has a large variety of life policies , and has recently reduced the pricing on its term life policies . 