15 Year Term Life Insurance
Thursday, October 15th, 2009One of the first big considerations you will hit when comparing term life insurance plans and rates is the length of coverage that is needed (and affordable). The range can be from 5 to 30 years for most carriers but this choice has pretty big implications later on during the policy. 15 year life is traditionally a popular choice for a few reasons and uses so let’s take a closer look.
With a range of 5 to 30 years for most term life policies, 15 fall right in the “goldilocks” range…not too short and not too long (loosely translated as expensive). 5 and 10 year policies are so short that they tend to work well for specific issues or financial responsibilities you are insuring against. (more…)













