How to Choose the Right Life Insurance Policy in 2025
Life insurance protects your family’s future. Choosing the right policy depends on your age, health, coverage needs, and financial goals.
Types of Life Insurance
- Term Life Insurance: Affordable, fixed coverage for a set period.
- Whole Life Insurance: Lifetime coverage with cash value growth.
- Universal Life Insurance: Flexible premiums and adjustable coverage.
Factors to Consider
- Age and health
- Coverage amount and beneficiaries
- Premium affordability
- Policy riders (accidental death, critical illness, etc.)
Pros & Cons
- Term: low cost, no cash value
- Whole: builds cash value, higher premiums
- Universal: flexible, may be complex