There are many kinds of life insurance, but they generally fall into two categories: Term insurance and Permanent insurance. Term insurance, the most affordable type of insurance when initially purchased, is designed to meet temporary needs. It provides protection for a specific period of time (the “term”) and generally pays a benefit only if you [...]

A simple method to determine how much life insurance you should have is: DIME D is for debt payoff I is for income replacement M is for mortgage payoff E is for education expenses for your children