What form of life insurance would you purchase if you had children?

Many families purchase life insurance when they have children.

There are two basic types of life insurance, permanent life insurance that provides lifetime coverage and builds cash value, and term life insurance that provides coverage for up to 30 years.

Term life insurance usually costs much less than permanent life insurance, which is why many families with children buy term insurance.

In addition, if you want life insurance until your children are grown, and out of school, term life insurance offers the flexibility of you choosing coverage for a term of 10, 15, 20, or 30 years. That way you only pay for life insurance while you really need it. And, since it costs less than permanent life insurance, you can afford more life insurance protection for your family.

Here's how you can learn more about how term life insurance works and compare free term life insurance quotes online from several top life insurance companies.

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