Maybe a single parent wants to make sure their child will have money to pay for their education if that parent were to die unexpectedly.
Perhaps a couple has accumulated a large amount of debt and wants to make sure all those debts will be paid if one of them were to die too soon.
A wealthy couple might want life insurance to pay estate taxes when the last spouse dies.
Life insurance serves many purposes for different families. You will have your own reasons for owning a life policy. The bottom line is that you understand why you need a life policy so as not to waste money towards premiums or purchase the wrong type of life policy.
I will be writing more about life insurance in future posts.
» Life Insurance Comes In All Shapes from TheInsurancePolicy
I want to continue on the topic of life insurance with a discussion of the different types of life policies on the market currently. I also want to stress the importance of knowing the difference as a consumer between these... [Read More]
Tracked on: May 8, 2006 5:59 PM | Permalink to Trackback