Homeowners Insurance GO BACK The Basics Find Life Insurance now! Unfortunately, death, like taxes, is a certainty for us all. Sure that sounds depressing, but it could be a whole lot worse-- like leaving the family behind with an unpaid mortgage, a mountain of bills and those mind-numbing tuition costs. Making sure your loved ones are financially provided for after you've unexpectedly shucked home inspection insurance home inspection insurance the mortal coil is the motivation behind life insurance policies. Life insurance provides a "death benefit" which can be used to take care of that mortgage, the bills... even the kid's tuition. In effect, this policy substitutes for income lost due to the insured's untimely death. Two basic coverages are available: Term. This protection typically extends from one to thirty years, paying a death benefit only if you die during premier pet insurance home inspection insurance the term of coverage. Term premiums are usually more affordable than the alternative (permanent insurance) allowing more bang for the buck and putting the coverage where it's most needed-- when the kids are young. The cost of term does go up, however, every time the policy is renewed, which could become cost inefficient once you reach those golden years. Permanent. The premium for this insurance is typically locked at the erie car insurance home inspection insurance age when the policy is first written, which means your cost remains constant for the duration (as long as you stay current). Although permanent coverage costs more than term, the cost doesn't increase with age-- a nice hedge against inflation. These policies also accumulate cash value as they mature, and the insured can borrow against that cash value in the form of low-interest loans. Insurance experts say the amount budget car insurance home inspection insurance of