Life insurance

financial product

Life insurance is money for your family to use to pay your bills and death expenses when you die. A person must be healthy to purchase a life insurance policy. The amount of life insurance needed depends on the person’s family’s needs when they die. Some things to consider when purchasing a life insurance policy are, marital status, the number of dependents, (wife, kids, etc.) family size, income, and wealth. Life insurance has different types of policies.

Types of life insurance change

  • Term life insurance
  • Whole life insurance[1]
  • Universal life insurance
  • Indexed universal life insurance
  • Variable life insurance
  • Variable universal life insurance
  • Final expense insurance
  • Group life insurance

References change

  1. "Whole Life Insurance - How Does It Work?". Retrieved 2021-01-09.