Jun 13

A Simple Guide to Life Insurance

by David Carroll

Life insurance is often sold as a “one size fits all” product; it will serve as protection and as an investment account that will grow at an impressive interest rate.  When you take the time to unwind these products, you will often find that the old saying holds true:  “If it seems too good to be true, it probably is.” Like most insurance products, the wording is very confusing and the salespeople are very convincing, which makes it difficult to determine if the policy is right for you.  Hopefully these explanations of the various types of life insurance will help clarify what type of policy is truly in your best interest:

Most consumers will be much better off by purchasing term insurance rather than either type of permanent insurance, but certain situations may warrant the need for permanent life insurance.  If you have any of these policies and have specific questions, please don’t hesitate to contact me (by phone or email) for evaluation.

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