Term Life

Last time I posted, it was about Life Insurance. My first post of 2008 is also about Life insurance. I have done some research on what form of insurance would be best for a middle income family. This is what I found: term life to protect employment income till retirement. Premium is lot cheaper than any of the other whole life insurance and the coverage is higher. So buy a term life, then invest the extra left over money. This way one can multiply one's wealth much faster. Also, in this category of insurance, something called T to 100 is also available. This covers you the whole life. This is still cheaper than regular whole life. This is good for estate planning and other tax considerations. If estate planning is in the picture, good to talk to a professional estate planner or someone competent.