How Do I Know What Life Insurance I Need? 
That is a very hard question for the average consumer to answer . Many people have these predetermined ideas about insurance -LRB- such as , only buy term and invest the difference or you must have a whole life policy -RRB- . Keep in mind the only reason any insurance exists is insurers focused on needs in the marketplace and created policies to address them . That being said I believe you need to have a consultative approach . This means that you need to meet with someone who is focused on providing people the right type of insurance and is not trying to push all people to one particular product . You need to do as you would with your doctor ; give them info on what you think you need , answer their questions and allow them to make some suggestions for insurance that clearly meet your needs . An example ; if you were to say `` I want as much insurance as my dollars will afford and I only need it for 10 years '' then you only have a few options to consider . You did n't say you need cash accumulation or insurance to last a lifetime . When the agent gives you options let him show you how what he is suggesting meets your needs . You may have some ideas as to what type of insurance you need but give him/her the benefit of the doubt in proving to you that their suggestions meet your needs . Do n't just buy insurance ; purchase the type of insurance that meets your needs and fits into your budget . You will be glad you did 