Life insurance is one of the most important financial tools for individuals and families, but it’s often misunderstood. There’s a lot of confusion and hesitation surrounding life insurance due to myths and misconceptions that can deter people from exploring their options. If you’ve asked yourself, “Do I need life insurance?” or felt unsure about how…
In previous posts, we have touched upon many different aspects of Life Insurance, but today we will answer a really basic question: How does Life Insurance work? Life Insurance is basically a contract between you and an insurance company. You agree to pay monthly premiums and the insurance company agrees to pay a benefit to…
Term Life Insurance is one of the most basic types of Life Insurance. As its name indicates, this policy covers only a specific length of time that may be 5, 10 or 20 years depending on the carrier. This type of policy is the right alternative for most people. However, it may be particularly attractive…