By the time you find yourself wondering whether to use a term or a permanent product like whole life insurance, you probably are trying to make sure that someone else’s needs will be looked after, in case you die. Interestingly, the answer to that question lies with what exactly you hope to cover with the insurance.
Your life insurance needs will change throughout the span of your life and subsequently your financial plan, and a proper advisor will help you navigate those changes.
With September being NAIFA’s Life Insurance Awareness Month, we’re taking a deeper dive into the kinds of life insurance.
Insurance has been around for over 6,000 years and the basics are still the same! Life insurance is simply a contract between you and the insurance company whereby you agree to pay premiums, and if you die prematurely, the insurance company will pay out a death benefit.
