Holicent
VIP Contributor
Life insurance isn't one of the most exciting topics, but it's something that everyone should consider. Life insurance can help protect your family if you pass away and it can also provide a financial cushion for you in retirement. If you're looking for a good life insurance policy, there are several things to consider:
The amount of coverage: The amount of coverage will depend on how much life insurance you need and how much your employer offers through its plan. You might want enough coverage to cover all expenses while you're alive, or just enough to replace a certain percentage of your income when you pass away.
The term length: The longer the term length, the lower your premium will be each month. However, this is not always the best option because it means paying higher premiums over time. Instead, look at what kind of policy features are included in the deal and make sure they're worth paying extra for (like cash value).
The type of protection: If someone in your household gets sick or has an accident that leaves them unable to work, then having disability coverage through their employer's plan could make all the difference in their ability to pay their bills and other expenses after they've passed away.
The amount of coverage: The amount of coverage will depend on how much life insurance you need and how much your employer offers through its plan. You might want enough coverage to cover all expenses while you're alive, or just enough to replace a certain percentage of your income when you pass away.
The term length: The longer the term length, the lower your premium will be each month. However, this is not always the best option because it means paying higher premiums over time. Instead, look at what kind of policy features are included in the deal and make sure they're worth paying extra for (like cash value).
The type of protection: If someone in your household gets sick or has an accident that leaves them unable to work, then having disability coverage through their employer's plan could make all the difference in their ability to pay their bills and other expenses after they've passed away.