Life insurance is the foundation of a good financial plan. For maximum coverage, talk to a financial advisor, accountant, and estates attorney.
Life insurance needs change as you age, marry, divorce, or start a business. It's not uncommon to have multiple life insurance policies.
As a healthy person in his late 20s with no kids, he doesn't see a reason to buy more life insurance than what he gets through work.
Most Americans will need assisted living or other care, and a hybrid insurance policy can help cover the cost
Most Americans will need some type of care as they age, but long-term care insurance is expensive. Another option is hybrid long-term care insurance.
According to financial planner Silvia Tergas, education about life insurance (and adequate resources) can help close the wealth gap.
We address common myths about life insurance and its uses. It's important to speak to an expert who understands how life insurance can build wealth.
Accidental death and dismemberment insurance only offers coverage if death or injury is a direct result of an accident.
Decreasing term life insurance could make sense to secure a loan, but it's not the best choice for most people
Decreasing term life insurance is used with mortgages and loans. The death benefit decreases as the debt decreases.
Permanent life insurance has a cash value component that helps build wealth over time. You can even borrow against it during your lifetime.
Universal life is a permanent life insurance product that never expires, with cash value and the flexibility to change the death benefit.
Most people need about 10 times their salary in life insurance, but a financial advisor can find the right number for you
Use life insurance calculators and talk to a financial advisor to figure out how much life insurance you need. Many people don't have enough.
Money tends to be a source of contention for couples. Before getting married, discuss your personal finances — especially life insurance coverage.
Even if you have life insurance, funeral insurance is a good supplemental policy — especially if beneficiaries are relying on you
Even if you already have life insurance, additional burial and funeral insurance policy may help ease your funeral arrangements for your loved ones.
The best life insurance companies of 2021 are Northwestern Mutual, State Farm, Guardian, New York Life, and Nationwide. Learn more about why.
Life insurance offers instant peace of mind and flexibility to change your coverage as your life changes, so there's really no need to wait to get it.
Indexed universal life insurance lasts forever, and it can grow value over time through stocks and options
Indexed universal life insurance never expires. Its cash value is invested in indexed stocks and options, which comes with some risk.
Variable life insurance never expires. Its cash value is invested in the stock market, which brings both more risk and more potential to build wealth.
The average cost of a life insurance policy is between $40 and $55 per month, but costs vary based on insurance type and your health history.
Tracking your money and planning for childcare costs, life insurance, and health insurance are some of the things you'll need to consider.
Traditional life insurance applications require a medical exam with a blood and urine test. Here's what to expect.