Family Needs Planning
This is the area where the majority of us are most familiar with the application of traditional Life Insurance. The lump sum payout that is specified to occur at the death of the insured, indeed, some have referred to it as "death insurance".
There are several different types of Life Insurance, and within that, many different sub-categories and riders available, and the cost per amount of death benefit can vary greatly. Do yourself a favor and consult with a Life insurance specialist before purchasing a policy. You should preferably seek out an independent agent who has the ability to shop different companies, who can walk you through the various types available, and then help you to make an informed choice. As with any other major purchase, the lowest price may not be the best value for you. Specifically explain what your anticipated needs and objectives are, and what it is that you need to accomplish. A good agent will perform a financial needs analysis to determine the right amount and type of Life insurance policy you should purchase. You should neither be under nor over insured.
Riffle Insurance Services has access to most all major carriers and can help you in determining which policy is just right for you.