3 Things You Need to Know About Life Insurance
If you feel a bit in the dark when it comes to understanding life insurance, you're far from alone. According to a study last year from nonprofits LIMRA and Life Happens, fewer than 6 in 10 Americans have life insurance, and half of those who do don't have enough.
Some don't buy it because they're convinced they don't need it, others may shun it because they're confused about the details, or view it as an unnecessary expense. If you're one of them, here are three key things you need to know.
It's easy to view life insurance as a product for the rich. After all, if you're a moderate earner, what good does it do you to regularly pour your hard-earned money into a service you hope never to benefit from?
Source Fool.com
