Life insurance is a contract between an insurer and a policyholder. The insurer agrees to pay a designated beneficiary a sum of money (the benefit) upon the death of the policyholder. Life insurance can be purchased for many purposes, including estate planning,...

When it comes to life insurance, there are two main types: term and whole life. Term life insurance is pure insurance protection; you pay a premium for a set amount of time and, if you die during that time, your beneficiary receives a death benefit. Whole life...

Many people purchase life insurance as a means of financial security for their families and loved ones. If you have a mortgage, why do you need life insurance? You need life insurance because the cost of your mortgage will still exist if something were to happen to...

Life Insurance 101 So, what is life insurance? Life insurance is a policy that provides financial protection in the event of the policyholder's death. The policyholder pays a premium, and if they die while the policy is in effect, the insurance company pays out a...