If you are shopping for life insurance coverage, you may be asking "why should I get life insurance?" and "what life insurance is best for me?". First of all, Life Insurance is divided into two major categories: Term Life Insurance and Permanent Life Insurance (Universal Life Insurance or Whole Life Insurance).
Term Life Insurance (or "Term Insurance") is the simplest form of life insurance, and is typically the least expensive. The premium is usually lower than other forms of insurance because no cash is accrued. With Level Term Insurance, the death benefit stays the same throughout the duration of the policy. Term Life Insurance pays a benefit only if death occurs during the term of the policy, which is usually from one to 30 years. If death occurs after the term of the policy, no benefit is paid.
So if you are still wondering "what life insurance is best for me?" or "why should I get life insurance?", call one of AIG Direct's friendly, professional and fully licensed insurance agents today. We can help answer your questions and help get you a quality life insurance policy that fits your needs and helps protect your family's financial future.