Term life insurance should only be considered after an evaluation of the purpose of the different types of insurance are explored. A decision chart term vs. permanent can help in making this  decision. 

Generally speaking this type of policy should be considered for those needs that are temporary.  The raising of children and a mortgage liability are examples. 

Thus, permanent insurance should be obtained for costs at death such as funeral expenses, estate settlement costs- to include income taxes for the year of death-, and  federal and state estate taxes.    

also see our  Estate Planning Brochure

Permanent insurance can also be obtained to create an estate.   It can create money to leave to friends or relatives or even charities when an insurable interest can be established.

Going  to our buyer's guide, and using our needs calculator to determine your needs for your family or business are additional tools to use in making this important buying decision. 

Note- Advise Notice: We do not provide legal or tax advice. The general information presented on various tax aspects of life insurance is not intended to be relied upon as tax advice. Individuals should seek the advice of a qualified tax professional regarding the taxation of life insurance as it applies to their particular situation.