Should I Take A 15 Years Term Life Insurance? 
There are many good responses to your question however , there is one IMPORTANT question that you should ask yourself first ; What is the goal ? Are you in need of insurance to protect your family or estate from debt ? If so , is it for a fixed period of time ? Can you easily afford premium payments ? If this is the case , a traditional term policy would be useful . Term policies offer lowerannual premium costscompared to permanent life products as they most likely are covering you for a period of time that will pass before you are actuarially expected to die . This productdoes not solve this problem . Are you in need of insurance in order to leave money behind for a loved one or charity when you die ? In this case , a permanent life policy is the way to go . Depending on your needs , you can choose Whole Life or Universal Life products , both offering you a cash accumulation feature that can be accessed for a loan or one-time withdrawal to pay for unexpected expenses . Obtaining these policies at a younger age , allows for a longer period of cash accumulation , offsetting your premiums in the future . Further , Universal Life products allow you a flexibility in how much you pay and when , provided that you have sufficient cash value in the policy . Are you looking for a low-risk , tax-deferred investment vehicle ? Again , in this case a Universal Life product -LRB- UL -RRB- , including an Indexed UL will give you the benefit of tax-free -LRB- deferred until you withdraw cash -RRB- growth of your money , indexed to the stock markets , with downside protection or guaranteed minimum growth on your cash . The added benefit is that your death benefit will always be in excess of your policy value , therefore protecting the policy beneficiary in the event that you pass unexpectedly . FURTHER , depending upon whether you set up an Irrevocable Life Insurance Trust -LRB- ILIT -RRB- , this is a way to move money out of your taxable estate , grow at a conservative rate and pass to your heirs tax free ! If you are looking for a get rich plan , make sure you have a qualified financial advisor not linked to the soliciting agent , review the proposed product . Being fixed on the opportunity to make money may distract you from the fee-loaded policy charges or the less-than-attractive , actual return on your money at the end of the day ! 