Good Financial Reads: Is Life Insurance Worth It?
How Much Life Insurance is Enough?
Life insurance is contrastingly both easily understood and the object of much misunderstanding. The basic premise is simple: If you die and have a life insurance policy, the insurance company will give money to your survivors. Used properly, life insurance is a crucial element in a financial plan, keeping things on track financially in case a death removes a breadwinner’s income from the plan. Mess it up, and it can be the cause of undue expense and confusion. Worse yet, you can risk not leaving your loved ones with the means to carry on without you.