Life insurance is not a one-size-fits-all protection product. The amount of coverage you need, and the type of policy that makes the most sense for you, will vary depending on your age, occupation, liquidity, family situation, income and financial goals. 

For example, a young single person with no dependents may only need a small term life policy to cover funeral expenses and any outstanding debts. 

On the other hand, a middle-aged business owner with employees, a mortgage, and several children may benefit from a combination of term life, universal life and whole life insurance that can provide financial security for his or her family in the event of an untimely death and protect his business from key employees leaving or the key employee passing away. 

No matter what your situation, it’s important to work with a qualified insurance agent, like the ones at Decision Tree Financial to make sure you have the right life insurance in place to meet your needs.