January 11th 2009 One of the very first decisions you must make
One of the very first decisions you must make when arranging life insurance is what type of policy should you choose - term insurance or whole life. Consider the following checklist to see which type might suit you best: Reasons For Choosing Term Cover 1. Budget for premiums. If your budget for premiums is small, you will probably need to opt for term insurance as the premiums for similar amounts of cover are much lower. 2. Amount of cover. Similar to the above point, if you require a large amount of cover (perhaps because of dependant children) then you will probably need to take advantage of the lower premium levels.