What kind of Life Insurance should I have?

This is a fact sensitive question and one that needs serious consideration based upon your needs. Everyone needs life insurance. Its the only insurance product you are guaranteed to use. However, determining what type of life insurance product to purchase varies based upon a number of factors. Certainly one’s age, health, budget and financial needs can be the driving force behind your decision. However, life insurance products can provide a variety of benefits including use as retirement savings tool. Whole Life, Term Life, Universal Life are three different life insurance products that can be helpful to your planning depending on where you are in life. In order to best understand your needs and options you should consult with a professional to help you understand the benefits and draw backs to all of these products as well as which product works best for you based upon your particular needs.