You need to be sure that you pick the right kind of policy.
Discuss your estate planning needs with an insurance broker who offers a wide selection of products.
Their job is to sell you a policy, but the more options they have available, the better they can match the right product to your needs.
Insurance has many forms, but the primary types are term or permanent policies
Term policies will cover you for a set time period, and at the end you just don’t have a policy any longer.
Permanent policies are ongoing so long as you pay the premiums, and they are actually an investment in addition to an insurance policy.
Term policies usually cost much less than permanent policy, so this can be a huge influence in the type you pick if cost is an issue.
