Term life is good for: Covering the years of a mortgage, so another borrower does not have to sell the house. Covering other specific debts that would be passed on to someone else. Covering the years until children have graduated from college, to make sure there are funds for tuition and living expenses.

Indexed universal life (IUL) insurance policies can help you to build wealth while leaving behind a death benefit for your loved ones. These policies put a portion of the policyholder’s premium payments toward annual renewable term life insurance, with the remainder added to the cash value of the policy after fees are deducted.

Make affordable health insurance available to more people. The law provides consumers with subsidies (“premium tax credits”) that lower costs for households with incomes between 100% and 400% of the federal poverty level (FPL). Most clients who enrollment with HNIG are getting $0 monthly premiums. Term life and iuls tab is is fine.