Life insurance protects your family and business partners from financial loss after you're gone, but choosing from the variety of options available can be difficult, especially if you have a valuable estate or other unique needs. According to Louis John Stanzione at Fairfield Green Enterprises, an estate planning and annuity specialist serving clients through Summit, NJ, the best type of life insurance depends on a variety of factors, including your responsibilities and financial situation.

If you only need insurance for a limited time, term life insurance is likely the best option for you. For example, you may only want insurance to provide for your children while they're young, or you may need high-value insurance but have budget restrictions. Otherwise, permanent life insurance may be ideal, paying out regardless of when you pass away. A permanent life insurance policy also allows you to accumulate funds, which you can borrow against later.

For individuals with a high-value estate who need more insurance, premium secured life insurance presents an exciting opportunity. This type of policy, available from Louis John Stanzione at Fairfield Green Enterprises, doesn't require monthly premiums or a physical beforehand. This type of policy will allow you to carry insurance worth several times more than your estate, which makes it a potentially lucrative investment. In most cases, you'll only need a high credit score and a cash deposit, which is returned to you when the policy funds itself.

Visit Louis John Stanzione at Fairfield Green Enterprises online now to learn more about this exciting life insurance option, or call (908) 277-2603 to schedule an appointment today.