The bottom line answer is, both.  Seriously, it depends on your individual situation and that’s why we recommend that you consult a local licensed professional insurance agent to help you decide.   Here are some questions to consider as you discuss your options with local agents:

1. How much do you need?  Be sure to use a life insurance worksheet or calculator.
2. How old are the insured(s)?
3. Do the insured’s have any pre-existing medical conditions?
4. How long will you need the life insurance protection?
5. Is the coverage for income replacement, final expenses, business continuation or any combination thereof?

If you don’t already have a trusted insurance agent, we suggest you use our directory to contact a few and get their help in answering these direct questions.