No one wants to think about their own mortality. Unfortunately, there is no way to avoid this as at some point everyone dies. If you have to think about the end of life, why not be proactive? One of the best things you can do for your family is to think about what the long term effects will be after you're gone. Do what you can to make sure your family will be taken care of after you pass with term or whole life insurance.

Term insurance is just that; Life insurance for a specified length of time. If you cannot afford whole life insurance than this would be the way to go. Keep in mind, that once you outlive this policy, the coverage ends and there is no payout. Term coverage is more cost effective than whole life insurance. Once you can afford better coverage then you can always look into changing.

Whole insurance offers the security of knowing that your family is taken care of, as long as your monthly or yearly premiums are paid. In the event of your death or if you live to see 100 there is a lump sum payout. While more expensive the coverage is obviously more secure for your family.

Its not secret that funerals are expensive as are college and a home mortgage. All your bills and expenses will still be here when you die. Weather you choose Term or Whole life, you should ensure your families financial future with a life insurance policy.