Term life
Term life covers a set period, such as 10 or 20 years, and pays your beneficiaries if you die during that term. It is meant to be lower-cost coverage. NAIC
Life insurance
Protect the people who count on your paycheck.
Life insurance pays your beneficiaries if you die while the policy is in force. The main choice is between term coverage for a set period and permanent coverage with a cash value.
What to review
Focus on the details that change the decision.
Permanent life
Whole, universal and variable life can be kept as long as you need them and include savings or investment features, so the owner can access money while alive. NAIC
The free-look period
If you're not satisfied with a new policy, you can usually return it for a full refund within a set period, often 10 days after you receive it; the length depends on your state. NAIC
How much is enough?
Start with what your family would need: debts, the mortgage, years of income, childcare and education. Then compare term lengths and budgets.
General education, not advice for your situation. Sources, checked October 2, 2026: content.naic.org · content.naic.org.
Your coverage review
Bring the basics. Leave with clearer next steps.
- Share the situation.Who needs coverage, ZIP code, timing, current coverage, and why you are reviewing.
- Name the priorities.Budget, providers, prescriptions, travel, and expected care.
- Review relevant paths.Understand tradeoffs and questions to verify before deciding.
Common questions
Know what to expect.
General education only. Exact options require an individual review.
Is term or whole life better?
Neither is right for everyone. Term often fits a need with an end date, like raising children or paying a mortgage. Permanent coverage can fit long-term or estate needs at a higher cost.
Do I need a medical exam?
It depends on the policy and the amount. Some policies use health questions instead of an exam.
Can I review life and health coverage together?
Yes. One call can cover both, and you decide on each separately.
Ready when you are
Turn the research into a personal review.
Send the essentials or choose a time. Requesting information does not enroll you.