December 29. 2016 – Life insurance is an important part of financial planning. There are many types of life insurance, each with its own pros and cons. To determine what’s appropriate you need to identify your short-term needs, which may be satisfied with 10 or 20 year renewable term coverage, or if all or some of your needs are really longer-term, including for estate-planning purposes, then Universal Life, Whole Life and Term to 100 may be better choices. Work with an insurance licensed CFP to ensure you understand what your real needs are, and how best you can protect what’s important to you