What Life Insurance Policy Should I Get?

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May 9, 2013

Jerry Vanderzanden, CLU, ChFC

The first step is to define the purpose of the insurance. What are you protecting? if it is income, how much would your family need to replace your lost income, provide for education, retirement and other major expenditures? Some needs may be finite and others may be lifelong. Term life insurance is ideal to meet temporary needs while permanent (cash value) life insurance is best for lifetime needs. It is not unusual to have a combination of products to meet a combination of needs.

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