What Is Term Life Insurance Good For? 
Life insurance creates tax at death . What is term insurance good for ? Temporary needs . It is often the most inexpensive way to provide the needed cash in the short term . In other words , if the need for coverage is short term to cover a loan for 10 years , then a 10 year renewable term would make sense . Since your needs may change , renewal rates and availability of conversion to permanent insurance should be considered . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local life insurance broker , you could start with a Google search . For example , if you search for : life insurance broker Halifax or life insurance agent Halifax , my name , along with several others , will come up . You can use the same method to find a life insurance broker in your community . 