Keep more of your money! The best way to save on life insurance (or any insurance for that matter) is to compare all of your options. Prices can vary quite a bit depending on your age, health, and gender. Be sure to compare quotes from several companies before signing up.

There are a few different types of life insurance which you’ve likely heard of. There is whole life and term life. Term life insurance is typically sufficient for many families, but there are some benefits to whole life depending on your priorities. Whole life policies generally have a higher premium, but you are building a type of savings over the years. Be sure to ask about the fees and when the cash value will start accumulating in the policy.

Whole life is going to be more expensive than term life and the difference in monthly premium could be significant. Either way, having life insurance is a good idea and will give you peace of mind.