Photo of a mom and daughter who has protected their future with life insurance.

What kind of life insurance do you really need? A quiz

Life insurance is pretty simple, right? You buy a policy. And when you die (yep, we said it), the people you named as beneficiaries get the benefit.1 

But knowing what policy is right for you and the people you love isn't so simple. Answering these five quick questions can help point you in the right direction.

Perm vs. term life insurance: Which is right for you?

1 In exchange for the death benefit, life insurance products charge fees such as mortality and expense risk charges and surrender fees.

2 The death benefit paid to your beneficiary is reduced by any partial withdrawals, policy loans or accelerated benefits taken.  Surrender charges and other policy charges may apply to distribution taken from the policy.

Insurance products issued by Principal National Life Insurance Co (except in NY) and Principal Life Insurance Co. Securities offered through Principal Securities, Inc., 800-247-1737, Member SIPC Principal National, Principal Life, and Principal Securities are members of the Principal Financial Group®, Des Moines, IA.