It’s not much fun to think about life insurance. But preparing for the day when you shuffle off this mortal coil is a good idea for many of us, especially if you have dependents.
Life insurance can provide funds for surviving family members or other loved ones to cover major costs ranging from mortgages and college tuition to your funeral costs.
Finding the right life insurance provider can be an intimidating prospect for many people. Recently, J.D. Power offered help to those shopping for a policy when it released the findings of its 2018 Life Insurance Study, which measures customer satisfaction among life insurance providers.
Going through the list of questions in the story will help you determine if you need a policy — and, if so, which type of coverage you should buy, and how much coverage you would need.
Another Money Talks News story, “How to Save on Every Type of Insurance,” can help you drill down further on the type of coverage you need. As the story explains, life insurance comes in two main varieties: term life and whole life.By contrast, a whole life policy will likely cost you more money, although it does offer advantages that might appeal to some people. Read the story to learn more.
Finally, Money Talks News founder Stacy Johnson has weighed in on the topic of life insurance in the past. He offers a seven-point approach both on deciding whether you need life insurance and landing the right policy if you do need coverage.