Go to Dave Ramsey's site and listen closely to what he has to say about it. That is a very good way of approaching it. The thing is though you need to get yourself to a point where you don't need life insurance if you follow his advice. Multimillionaires don't buy life insurance. At least they don't need to and it doesn't make sense for them to. Whatever Kind of life insurance you go with just make sure you read and understand the whole policy! Kikes and lawyers who write the policies love to add little stink bombs to policies. They won't pay if this happens or they won't pay if that happens. The people that sell insurance will not tell you these things either unless you specifically ask. So your best bet is to make sure you read and understand the whole thing!