At the end of the day, you should buy what you need and what you can afford. Picking a plan which can meet both your present needs as well as all your future needs can be a tricky and complicated decision. That’s where you need professional advice from an experienced and trusted Insurance Broker. Term life is a good option if you have short term needs and have a limited budget. Permanent life insurance is a good choice if you are looking for a lifetime of protection. Sometimes it’s advisable to have a combination of term insurance and permanent insurance if you have both short term and long term insurance needs. But as there are many complicated and different types of insurance plans with different features and benefits; it’s always advisable to consult with a knowledgeable insurance broker that can help you determine the best option as per your unique needs and budget.