Which Life Insurance Policy Is Best? 
Life Insurance is about covering or meeting a need and each type of Life Insurance policy addresses that need a little differently . If you have a loan for example , you might have a term insurance which will cover the term of the loan . If you have kids at home , you might also consider a term policy which would help support the surviving spouse as well as provide funds for college education . A permanent policy might be a great way to cover those final expenses . Since you do not know when you will die , a permanent policy is designed to be there if that happens to be today or at age 100 . There are also variable to consider . Did you know that you can get a term policy that pays all your premium you paid back at the end of the term ? Or a term policy that pays you a % of the death benefit if you have a Critical Illness -LRB- first diagnosis -RRB- or Chronic Illness need ? The same is available with Permanent policies as well . Your agent should be aware of these options . 