If something is to happen to me what would be the best return as far a sleaving money for my kids,what would?

Question

be the best insurance policies or what should i invest .also do he plans like gerber life insurance works.i wanna make sure they will be well taken care of.thanks.

Answer 1

Your best bet would be to puchase a term life policy. It would giv eyou a gauranteed death benefit you can leave to your spouse or kids. You can get a plan with a level benefit and premium for 10, 20, 30 years.

I suggest you look for a local broker that can help you sort through the different companies available. You can use yellowpages.com to search for life insurance brokers in your area.

A Broker represents multiple carriers and can help you sort through all the different insurance companies and plan options in your state.

You can also call your auto and home agent they specialize in property and causality insurance and usually have a good knowledge of life insurance.

But you may have better luck with a broker that specializes in life insurance they will have a wider selection of companies to offer.

Answer 2

"insurance policies" aren't an investment product.

Life insurance is if you die.  Investments are if you live.  For taking care of kids if you die, you want life insurance.  The biggest bang for your buck - the cheapest insurance with the highest coverage - is term insurance.  If you buy term, be SURE to buy guaranteed renewable and convertable.

Answer 3

Level term life insurance will get you the most protection per premium dollar.