Insurance industry studies show that it is very unlikely that the death benefit will ever be paid on a term insurance policy. One study placed the percentage as low as 1% of policies paying a benefit. That is the reason term insurance is able to be so inexpensive.
Add this to the fact that you are paying the same amount each year for a policy that is worth less each year and you get a big win for the insurance company.
Be smart. “Buy the house” when purchasing a life policy. A whole life policy builds equity (cash value) just like your home. If you live too long, you can use the accrued monies to assist you in your retirement.
Term life is like renting an apartment. As long as you pay you have coverage. Just like when renting an apartment you have a roof over your head.
If you live in Arizona, contact http://www.timhawley.net to get your life insurance tailored to fit your needs.
Posted by Tim Hawley 
