Is Term Life Insurance The Best? 
Not necessarily . The best life insurance policy is the one that best serves the needs you want to have met in the event you passed away . It could be all term insurance , all permanent insurance , or a combination of the two . For example , if you have a mortgage you want paid off , you may want to purchase a term insurance policy with a face amount large enough to cover the remaining balance and long enough to cover it til it 's scheduled to be paid off . So if there 's 18 years left on the mortage , you would want to look at a 20-year term policy . If you 're buying insurance for estate planning purposes , you would want to look into permanent coverage because it will pay a claim at any point in time regardless of when death occurs , whereas term insurance will only cover you until the term period expires -LRB- even though you can technically keep a term policy til age 90 or 95 with most carriers , the premiums increase each year by substantial amounts making the policy no longer the best option for you -RRB- . Many people often need a mix of the two . I would recommend consulting with an independent life insurance agent who can work with you on a personal level and help you determine what coverage is appropriate and suitable for your needs and budget and get it placed in force - there 's no cost to using an independent agent -LRB- they do not charge fees for their services -RRB- . I hope the information is helpful - please feel free to contact me for assistance with your life insurance coverage needs , including quotes and life insurance needs analysis , and if you have any other questions . Thanks very much . 