The policy cost is a minor point
When you buy a life insurance policy, price is often the #1 issue. When buying a policy, learning about the benefits of different policies plays the key role. Your health insurance needs will be changing over time. A good life insurance policy can be changed over many years.
Be careful with indexed life insurance
Indexed Life Insurance (ILI) has become very popular. When using ILI, the monetary value of the policy is tied to an index such as the S&P 500. These policies are complex and often involve high fees.
Consider life insurance as part of your overall financial plan
Having a financial plan can change your decision about the type or amount of the life insurance policy. For example: a financial plan might include life insurance as part of the trust.
Most people appoint their spouses or adult children as their beneficiaries, but it can be changed.
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