Life insurance is something that is vital for every adult, and some children. Life insurance provides a death benefit when one is needed most, when someone has died. There are multiple types of life insurance including term, universal life and whole life. Within those broad categories there are certain subsets like annual renewable term insurance, variable universal life insurance, indexed universal life insurance, blended whole life insurance etc. I try to help people understand how much and what kind they might need to research.
As long as you choose term life insurance, you’re doing well for yourself. But even the best term life insurance policies can be rendered less effective when you make certain mistakes. Finally, ready to get life insurance, and do it right? Here are five mistakes you should be careful not to make. Waiting it out. Death is a tough topic for some people. It always seems like something in the distant future, which is why we make excuses as to why we don’t need it now. Instead, we say we’ll look into life insurance after age 40, or 50, or whenever. But [...]