Readers Question: “Is Term life insurance as good as estate preservation or tax liabilities in Louisville, Kentucky?”

Louisville, is Kentucky’s largest city. Louisville is situated in north-central Kentucky on the Kentucky-Indiana border at the only natural obstacle in the Ohio River, the Falls of the Ohio.

Answerto Readers Question:Term life insurance is less well suited for permanent types of life insurance needs such as estate preservation or tax liabilities. These types of life insurance require coverage until you die and do not disappear over time. Term life insurance is sold as policies that cover a predetermined number of years: 10, 20 or 30 years. Term life insurance is a one-sided contract with an insurance company. When you die, the company is obligated to pay a death benefit to your beneficiary as long as you have paid the premium that is due for the term of the policy (the stated period is usually a year).