QUIZ: What Type of Life Insurance Is Right for You?
Take this quick quiz to find out what coverage fits your life and goals best!
write down your answers , then scroll to the bottom to score yourself !
1. How long do you want your life insurance coverage to last?
A. Just until my kids are grown / mortgage is paid
B. For my entire life
C. I want it to last forever AND build money I can use while I’m alive- I want to access this money tax free
2. What’s your top priority?
A. Getting the most coverage for the lowest price
B. Leaving a legacy and guaranteed coverage
C. Growing wealth safely and using it during my lifetime
3. What’s your budget like?
A. I need something affordable right now
B. I can pay more for long-term value
C. I’d rather pay more if I can access the money later
4. How comfortable are you with financial planning tools?
A. I like to keep it super simple
B. I don’t mind paying more if it’s reliable
C. I want something flexible that helps me grow money safely
5. What sounds most like you?
A. “I just want to make sure my family is okay if something happens to me.”
B. “I want lifetime protection and to build value I can leave behind.”
C. “I want protection and a way to grow money tax-free while I’m alive.”
RESULTS:
Mostly A’s: Term Life Insurance
You’re practical and want to protect your loved ones—without breaking the bank. Term life gives you solid coverage for a set number of years. Great for growing families, new homeowners, or anyone on a budget.
Mostly B’s: Whole Life Insurance
You want peace of mind for life. Whole life gives you permanent coverage with fixed premiums and guaranteed benefits. It’s ideal for people who want to leave a legacy and don’t want to worry about outliving their policy.
Mostly C’s: Indexed Universal Life (IUL)
You’re thinking long-term and want your money to do more. IUL offers lifelong protection and a way to build wealth tax-free—with no risk from market crashes. It’s great for retirement planning, business owners, and smart savers.