Go to www.bankrate.com and insert the search term “life insurance.”
a. What are some differences between term and permanent life insurance?
b. Why is permanent life insurance more expensive than term life insurance?
c. Obtain a quote on term insurance of $100,000 for ten years.
d. Go to the calculator that allows you to determine how much life insurance you need. Input the data based on your personal situation, and let the calculator determine how much life insurance you need.
e. Go to the calculator that allows you to compare whole life versus term insurance.
Notice the input that you need to provide to make this decision. Input the data based on your personal situation, and let the calculator determine which type of insurance would be better for you.