But one of the sad realities of life is that at some unpredictable point, it ends. So take steps to ensure that if it happens to you sooner rather than later, your family won't be caught short.

For this reason, whole life insurance tends to be more expensive. The extra costs can be worth it, though, experts say — at least for some seniors.

When To Buy Life Insurance Life insurance premiums are dependent upon your health conditions, habits, occupation, hobbies, and many other factors. For the most affordable premiums, it’s often a ...

However, your insurance company may be willing to pay in installments or through an annuity. On the other hand, term life insurance provides protection for a set period – often 10, 20 or 30 years.