A sound financial strategy includes a life insurance policy. If you worry about your family’s financial future in the event you were to pass away, a life insurance policy can help ease those concerns. Life insurance can provide financial security for your loved ones upon your death.
Life insurance is often misunderstood. As policyholders, we may not really understand what our policy offers—we are either over-insured, under-insured, or simply have the wrong kind of insurance.
Term life insurance has three variations of insurance policies: individual, group, and life credit.
There are three variations of permanent life insurance: traditional whole life, Interest-sensitive whole life and universal life.
In addition to basic term and permanent life insurance, there are other types of policies available: variable universal life, survivorship policies and single premium life.