How long do you have to have life insurance before you die?

It usually takes 6 months to three years in most of the policies in USA. How long do you have to have life insurance before you die? It depends. Following is the list of policies and respective time duration

  • Whole life insurance( 2 years)
  • Term life insurance(6 months)
  • Decreasing Term Life Insurance(6 months)
  • Life insurance for couples(1 year)
  • Life Insurance for parents(2 years)
  • Family Life Insurance(3 years)
  • Group term Life Insurance(3 years)
  • Life Insurance for grandchildren(1 year)
  • Annually renewable term insurance(6 months)
  • Guaranteed Universal Life Insurance(2 years)
  • Whole Life Insurance With Dividends(2 years)

Also Read:10 tips to before buying life insurance