3) Even with term, there are some things to consider: This form of insurance covers you for a specified period of time (often 10, 20 or 30 years), and then it expires. If you are still alive, you get no money.

4) I'm big on stability, so I prefer policies that have a guaranteed level premium for the term of the policy. Annual renewable term policies can raise the premium every year, until the policy is surrendered. If you are only going to keep the policy for a short while, annual renewable term may be cheaper, but experts warn that in the long run it will probably be more costly.

5) Also, I prefer term insurance that guarantees level term benefits. This means that if you buy a 20 year, $100,000 policy, your beneficiary will get the full $100,000 whether you die in year 2, 10, 18, or whenever. Decreasing term is another type of policy that will pay a lower benefit the closer it is to the end of the term. Sometimes sold by banks as mortgage protection, decreasing term benefit coverage is a big profit maker for the banks, but many experts don't believe it's very good for consumers.

6) Guaranteed renewable can help safeguard an uncertain future. Of course the goal is to get to the point where you don't need insurance coverage at some point. And, besides, if you still do need coverage at the end of your term-you can just buy some more insurance at that time, right? Not necessarily. It's possible that you may still need insurance at the end of your term, and it's also possible that health conditions could make it impossible to get decent coverage. What to do? I encourage people to consider buying their original policy with the guaranteed renewal option. This may make it possible to get more coverage at a later date. However, be aware that future rates can be prohibitive especially if you health declines. Get detailed future rate information before you buy. However, you need to know that future rates can be very high-check before you buy.

No, I'm not a life insurance salesman. I'm simply a concerned Christian who knows that studies indicate that 65% of Americans are woefully underinsured. As I travel to churches teaching God's people how to use God's money God's way-I see lots of our folks really dropping the ball in this arena. These are Godly people who love and sacrifice for their families. Yet they haven't made the connection between love and providing for dependants in the event of their death.

Personally, I am persuaded that one of the most loving things any of us can do is bless the loved ones whom we may precede to heaven. It's the perfect goodbye kiss.

Steve Diggs presents the No Debt No Sweat! Christian Money Management Seminar at churches and other venues nationwide. Visit Steve on the Web at www.stevediggs.com or call 615-834-3063. The author of several books, today Steve serves as a minister for the Antioch Church of Christ in Nashville. For 25 years he was President of the Franklin Group, Inc. Steve and Bonnie have four children whom they have home schooled. The family lives in Brentwood, Tennessee.

No Debt, No Sweat! shows Christians how to free themselves from the bondage of financial pain. It is written for 2 groups: people who are in financial turmoil and need a successful plan for getting out of debt; and for folks who are financially sound and looking for investment strategies that work.

A complete financial compendium, 19 chapters
* What you can do today to get out of debt and kill the Debt Monster
* A,B,C's of handling your money God's way
* How to save, invest, and retire wisely
* How mutual funds work
* How to stop fighting over money
* What to teach your kids about money
* Learn how home & car buying, college financing and insurance work.
* How to develop a budget that works-FOREVER!
* Features simple charts, graphs, and easy-to-use forms.

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