This is a great question.  In order to make sure a term life insurance policy is right for you, you should read the policy carefully to make sure it meets your financial goals.

Here are some things you should consider with a term life insurance policy:

  • How long can I keep this policy? If I want to renew it for a specific number of years, or until a certain age, what are the renewal terms?
  • Will my premiums increase?
  • Can I convert it to a cash policy? If so, do I need a medical exam to convert?

Finally, be sure to ask your agent for an explanation if there is something that is unclear.

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