Now and then people get into conversations about life insurance, what it does and how much they have, but does anyone really \u201cget\u201d what life insurance is all about?<\/p>\n
In a nutshell, life insurance gives money to a listed beneficiary (friend, spouse, family member) if the person who holds the policy dies. In most cases, people buy life insurance to cover their final expenses such as the funeral and burial and to provide income to a beneficiary. Other reasons may include a wish to cover college expenses for someone or a legacy and to pay off estate taxes. There are exceptions to this general rule in that some people just buy a death benefit policy, while others may choose a policy that grows in value over a period of time.<\/p>\n
If you don\u2019t know what you want, the best place to start is to review the basics of life insurance, figure out how (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Now and then people get into conversations about life insurance, what it does and how much they have, but does anyone really \u201cget\u201d what life insurance is all about? In a nutshell, life insurance gives money to a listed beneficiary…<\/span><\/p>\n