Don is young and newly married. He and his wife plan to have children in the near future and Don wants to get a significant amount of life insurance coverage at as low a cost as possible. He would be well advised to purchase a term insurance policy.

Question

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Term insurance is typically the most affordable type of life insurance and provides coverage for a specified term, such as 10, 20, or 30 years, which makes it a good option for younger individuals who want a significant amount of coverage at a lower cost. Since Don is young and planning to have children, a term policy would be a good choice for him.

Don Is Young and Newly Married