Term or Permanent?

term insurance

Should I buy term insurance or permanent insurance? This is likely the most frequently asked life insurance question. Many insurance and financial “experts” will give a uniform answer, but reality is not so simple.


Life insurance is not a uniform product: the right insurance depends on the applicant’s objectives. In the latest addition to our Life Insurance Tips section we’ve tried to answer this classic question, which insurance is best, term or permanent?

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  • LSM Insurance
    July 2, 2012 at 11:56 am

    Thanks for the note. It really depends on what you need the insurance for, your budget and overall financial situation.

    A young couple on a tight budget and a large mortgage are going to have different needs the an older couple have want to insurance to offset potential taxes to their estate.

  • George
    July 2, 2012 at 11:46 am

    should i buy term and invest the differance in a seg fund