Life insurance isn’t some we like to talk about, but it has to be part of a financial plan. It should be a priority just like deciding how to invest your retirement funds or how to afford your child’s college tuition. Again, this is something I always hear from the experts like Suze Orman. There are various types of permanent life insurance; some are whole life and term. Whole life insurance earns a return, but normally the payout is lower. When requesting quotes for life insurance, remember that term life insurance pays no interest, but the payout is usually higher.
What are you thoughts about this especially for those who have this type of insurance?