Unlike car insurance and health insurance, there is no legal requirement to buy a life insurance policy. And given that you have a lot of other things to spend your money on, you’re probably in no hurry to rush out there and commit to monthly life insuran
Like lots of us, you’re sweating how you’ll make the house payment and put food on the table. And you may be tempted to start slashing unnecessary expenditures. Maybe you’re asking, if you really need life insurance. You aren’t alone.
Life insurance companies package life insurance policies with lots of different names, but there are essentially two choices. You can choose permanent life insurance, also called whole life insurance, or the typically more affordable term life insurance
The principal types of life insurance are term life insurance and whole life/permanent life insurance.