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Suze Orman Term Life Insurance Advice 2016

Suze Orman Term Life Insurance Advice

Suze Orman recommends term life insurance over universal or whole life insurance.  She also recommends 10x to 25x your annual income in life insurance coverage.  She dislikes universal and whole life insurance due to their higher premium and policy fees. She says term life insurance is the best type of policy for most people since at a certain time in the future; the kids are adults, the house is paid down or paid off and the life insurance coverage needed will be reduced or you may even eliminated due to assets.

From her website; Suze Orman http://www.suzeorman.com

Suze Orman asks the question “You want your spouse to continue living in your house?”  First question she asks to the questioner is “Do you have any life insurance?  “So is your fear if you die, your spouse may lose the house?” Suze recommends to “Get a term life insurance policy.” “You’re the insured she’s the beneficiary. If anything happens to you, she has the money to pay off the mortgage.” Best way to find a term policy?”  Selectquote.com she recommends.

Suze then asks the question; “How many U.S. households with children younger than 18 do not have any life insurance?” a. 5 million b. 11 million c. 17 million.  Answer b. 11 million households

“What are you thinking?” she says, You gave birth to these kids, don’t you think you should take care of them?”

Suze Orman recommends it, the top financial advisors recommend it, purchase inexpensive term life insurance and protect your family already, ok!

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