Identify any long term insurance product you would consider buying in the future. justify the reason for your choice.

Life insurance is a long term insurance product that I would consider buying in the future. Life insurance is paid by an individual in a family for themself or someone else that can be cashed in when that individual dies. Those with life insurance pay monthly or annual premiums towards their life insurance policy in the event they pass and need to have funds available for their family. There are stipulations to when money can be withdrawn from the life insurance policy and how, but most of that is subject to the type of policy. I would pick life insurance because as a mom of three kids I would want to make sure I have funds in place in the event something were to happen to me.

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