Mortgage life insurance: who gets paid, and what happens when you move?
Compare the beneficiary, benefit amount, underwriting and portability before treating mortgage creditor coverage and an individual life policy as interchangeable.
Final expense insurance: compare the benefit with the bill and the premiums
A small permanent policy may help with death-related costs. Its underwriting, early benefit restrictions and long-term premium commitment deserve the same scrutiny as larger coverage.
Whole life insurance: separate the guaranteed values from the illustration
The premium schedule, surrender values and dividend assumptions answer different questions. Read each before treating a whole life policy as an accessible pool of savings.
Life insurance for children: what is covered now, and what can be bought later?
An existing death benefit, a future purchase option and cash values are separate features. Each has limits that should be weighed alongside the household’s other financial needs.