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Life Insurance Explained in (Exactly) 250 Words | Latest News

Life Insurance Explained in (Exactly) 250 Words

What life insurance is: a policy that pays out if you die. When you need it: if your death would cause financial hardship to someone, like a spouse. How it’s priced: based on life expectancy. Any factor reducing life expectancy, like heart disease, will ... read more

Life Insurance Explained in (Exactly) 250 Words

If you’re buying life insurance to benefit children, you should set up a life insurance trust for them. Amy Danise is an editor and insurance expert at NerdWallet, a personal finance website. Email: adanise@nerdwallet.com. Twitter: @AmyDanise. read more
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