Life insurance

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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

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

References

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