Term Life Insurance
May 14th, 2008
It provides insurance protection for a low cost (at least initially).
If your needs change, most term life insurance policies allow you to convert to a permanent life insurance policy without having to take a medical exam or provide other information about your health.
Term life insurance is a good way to supplement other coverage when you have added financial responsibilities for a given period of time (e.g., mortgage, college expenses).
Death benefits are generally received free from income tax.