Which Life Insurance Product Is Right For Me?

Q. Which life insurance product is right for me?

A. Many consumers find this question very hard to answer, because there are many different products and many questions need be answered - 

• Should it be term insurance or permanent life insurance?
  
• If permanent, should it be whole life or universal life?
  
• If universal life, should the engine be fixed, indexed, or variable?
  
• If fixed, should it have current assumptions or guarantees?
  

If you are looking for a straight answer, you might be disappointed, because it doesn't exist.

However, have you ever wondered maybe it's actually a wrong question?  Just imagine, if you have $1,000,000 to invest, would you be asking; which one investment should I select?

• Should it be stocks or bonds?
  
• If stocks, should they be
  
• domestic or international?
  
• growth or value?
  
• large, mid, or small cap?
  
  

Of course the answer is asset allocation; a diversified portfolio.

Shouldn't it be the same answer for life insurance?  A combination of:

• term
  
• whole life
  
• universal life,
  
• fixed
  
• indexed
  
• variable