How Long Should You Get Term Life Insurance For? Considerations, Calculations, and More. From Whole Vs Term Life Insurance .com

2. Welcome
How Long Should I Get Term Life for?
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3. Two Types of Life Insurance
• Cash Value Policies
-Whole or Universal
-Complex
-Expensive
-Life Insurance Mixed with
an Investment Component
• Simple Term Life
-Pure Life Insurance
-Set Periods (10,20,30)
-No Investment Component
-Very Inexpensive

4. The 2 Major Considerations when
buying Term Life Insurance.
Death Benefit Amount
• How much you would like
the policy for. What Dollar
Amount?
• $250,000
• $500,000
• $1MM
• $2MM
Insurance Policy Length
• How long will the Term Life
Insurance policy be for?
• 10 Year
• 15 Year
• 20 Year
• 25 Year
• 30 Year
• Other Options
Other consideration is Which Insurance Company?

5. Term Life Insurance Policy Length
How long should I buy level term life
insurance for?
10, 15, 20, 25, 30, or more?

6. We Explore this subject in our post
https://wholevstermlifeinsurance.com/term-life-insurance-policy-length/

7. Term Life Length is Personal
• Deciding the length of term life insurance is a
personal decision
• Things to Consider
-Your Age
-Age of your Children
-The Reason for the Life Insurance
-How Long will you need Life Insurance For?

8. Ten and Fifteen Year Term
• 10 Year
-Often Best for Stacking on to
another term policy.
-May be the best option that can
reasonably for people that have
really put off getting life insurance.
-Generally lowest cost term product.
• 15 Year
- May be great for families that have
put off buying life insurance for a
while.
-Still Relatively cheap, but possibly
long enough to cover some time.
-Can be a nice medium area between
10 and 20 year term policies.

9. The Twenty Year Term
• The 20 year term is usually one of the most
popular options for term life length.
• It is a really good option for new parents.
• It’s a nice happy medium between the
shortest and longest of the term life lengths.
• Fairly priced.

10. The twenty five and thirty year options.
• 25 Year Term
-A nice option for either slightly
younger parents of newborns or
possibly the mom.
-More expensive than the 20 year
but it can be reasonable.
• 30 Year Term
-Generally the longest of the true
term options
-Hence it would be the most
expensive.
-A great option if you buy term when
you are young.

11. Other Term Life Options
There are possibly some other
options, contact to discuss.

12. https://wholevstermlifeinsurance.com/term-life-insurance-policy-length
More information is available on our blog post.
Whole vs term life insurance . Com / term-life-insurance-policy-length

13. Life Insurance is Confusing
We are here to help
scott@marindependent.com