What type of plan you are looking for, your current age, health, and what you can afford would tell me what i need to know...
Are you looking to build equity in the insurance that your could use at a later date if you need? or are you just looking for death benefit?
If it's available in your area, i would look into a Term life insurance with a Return of Premium benefit... when your term ends, you will (depending on the company) be given a guaranteed chance to renew or convert, most times, convert is the smart choice. at that point, with the ROP benefit, you would be given back all the premiums that you has spent over the course of your policy. so you now have a lump sum to either, reinvest in another policy, or use elsewhere..
The benefit of Term insurance is that it's cheap while you're young, and as you get older, other debt you had accrued will be coming off the books, and you should be able to spend more money towards a quality permanent plan..
Don't know if that helps you, but if you have any more questions let me know.
|