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Life Insurance Life Insurance - Who Needs It? If someone depends on you financially, chances are you need life insurance. A good life insurance policy would handle the financial responsibilities Types of Life Insurance * Term - Usually the least expensive offering a fixed premium for a period of 5-30 years. * Whole Life - Initially more expensive than term but offers a fixed premium no matter how long you live. * Whole Life for Children - Permanent Whole Life Insurance that builds Cash Value. * Final Expense - A whole life policy designed to pay burial and other final expenses. Face values usually range from $5,000.—$35,000. * No Exam Life - No Exam is required. Only a series of medical questions is used for underwriting purposes. * Guaranteed Issue & Virtually Guaranteed Issue Life - No Exam and few or no health questions to qualify!
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