Term and permanent life insurance have different structures. Reviewing your goals with a licensed professional can help you understand those differences and the questions to ask.
Discuss who depends on you, the role you want a policy to serve and how long that role may last. Ask about premiums, policy conditions and beneficiary arrangements without assuming any illustrated value is guaranteed.
Bring these questions.
- How do term and permanent policies differ for our discussion?
- What is guaranteed and what is illustrated?
- How are beneficiaries recorded and updated?