There are as many opinions about life insurance as there are life insurance agents and brokers hat sell it.  If you ask 100 insurance professionals their opinions about which type of policy is best for you, you will get that many varying viewpoints on the subject.

Captive agents who only represent one company’s products, will naturally tell you that the XYZ Company’s “TrueLife Policy” is the best choice for you.  An independent agent or broker would be free to tout the benefits of assorted policies, but he/she will probably have a very strong opinion as to which is best for you, based on his/her education, training and experience.

Opinions are running rampant, but how to you find the “truth” about the best choice for you?  I would recommend speaking to several knowledgeable independent life insurance brokers.  Look at various policy types and ask the agent/broker to explain the differences and costs of each type of policy.  Do your research and avoid anyone who says their way is the only way.

Dave Ramsey, a financial “guru,” who often makes a lot of sense with his financial advice, has a column called The Truth about life insurance. While I respect Mr. Ramsey’s advice quite often and I do agree that Term life insurance is very often a great choice for most folks, I think his column should probably be titled My (Very Strong) Opinion About life insurance. And that’s my opinion!