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Life insurance overview.Most people don't like to think about life insurance _ it's such a reminder of their own mortality. But life insurance can be a critically important purchase, especially for those who have children, a spouse or parents to support. Now is a good time to review both term and permanent life policies because premiums have come down sharply in the last few years.

Definitions of term, permanent life insurance. Life insurance is available in several forms: Term Insurance, and permanent insurance.

Need for life insurance doesn't disappear with age. Conventional wisdom says that once children leave home, the need for life insurance is over. Yet for the majority of people, the single biggest asset left to a spouse at death is life insurance. "The need for life insurance doesn't disappear as you get older, it changes," said Mandell Winter Jr., a senior insurance expert at the College for Financial Planning.

How much life insurance do new parents need? Question: My husband and I are about to start a family. Do we need life insurance? How much? And what kind?

How to prepare for possibility of two simultaneous deaths. The children are on their own and you're retired, or at least semi-retired. Finally, you and your spouse have the time and the money to catch up on all the traveling you've wanted to do. But before you head out the door, there's one last thing you should do. It's not a pleasant task, but it could save your heirs a lot of hassle, and perhaps money.

New mortality tables could reduce cost of some life insurance.It's not often that actuarial tables make headlines. But the introduction of new mortality tables for the insurance industry for the first time in more than two decades is drawing attention because it could lead to lower life insurance prices, especially for term insurance policies.

Life Insurance Calculator..How much life insurance do you really need? Find out here!

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