Term or Permanent?

Once it has been established that there is a need for Life insurance, most people struggle with 2 questions :-
#1 : What Type ( Term or Permanent ) ?
#2 : How much?

We will attempt to answer #1 in this article .

It would all boil down to 2 factors :-

1> How much you can afford
2> How much of you Life insurance needs are temporary in nature?

Factor #1 can be easily arrived at by analysing your monthly income and expeditures.

Factor #2 can be determined by the following questions :-

Do you have an outstanding mortgage and other loans that are temporary in nature ( Expected to be paid off in a few years?)