Not everyone needs life insurance. In general, life insurance is a good idea if you have family or other people who depend on you financially. To decide on the right amount for you, consider your debt, the amount of income your family needs to replace, and whether they will have other bills or expenses.
Your life insurance company will make payments after your death to the people you name on your policy. This person is called your beneficiary. You can name more than one beneficiary. Your beneficiary can use the money to pay bills and living expenses, pay off debts, pay for college, and other things. Some types of life insurance also build savings that you can use for the rest of your life.
Your life insurance company will make payments after your death to the people you name on your policy. This person is called your beneficiary. You can name more than one beneficiary. Your beneficiary can use the money to pay bills and living expenses, pay off debts, pay for college, and other things. Some types of life insurance also build savings that you can use for the rest of your life.
Show More
