IN Hampton Spring 2016 | Page 33

Life Insurance Unlike buying a homeowners or auto insurance policy, there is no “right” time to buy life insurance. Life is unpredictable and tragedy can strike at any time. It is best to be prepared by being proactive. Many companies offer life insurance plan options when you are hired, making this an optimal time to sign up. If you are single without children, you may want to hold off on putting a large amount of money toward life insurance. Otherwise, there are many variables to consider when deciding on a life insurance policy that is right for you. Life insurance falls into two levels, term or whole life. Term ƖfR&