Many people mistakenly believe that life insurance is solely for covering funeral expenses and end-of-life costs. While it certainly can help with these expenses, life insurance offers a much broader range of benefits. It can provide financial security for your loved ones, pay off debts, fund education, and even supplement retirement income. Understanding the different types of life insurance policies and their potential uses can help you make informed decisions about your financial future. Consider life insurance as a comprehensive financial planning tool, not just a final expense solution.
Life Insurance: Separating Term from Permanent Confusion
Understanding the difference between term and permanent life insurance is crucial for informed decisions.
