Reorganize Costs Help Center

Vanessa from Kissimmee asks:

I have two young children, and my wife is a stay-at-home mother. . .my money situation is tight, what kind of life insurance should I get?

Statepay support representative suggests:

It is good that you are considering life insurance in this scenario. If you were to die prematurely, it would put your family in an extremely difficult situation. . .

With money being tight (and without knowing much about your particular situation), our initial suggestion would be to consider term life insurance. The premiums will be considerably cheaper and will probably suit your present budget.

You may want to consider whole-life insurance in the future when your financial situation stabilizes as it offers a little more in terms of guaranteed death benefits. . .