Life insurance guarantees a death payout; premiums determine ongoing validity. Term life insurance has fixed durations; permanent offers lifelong coverage and cash value. Premiums vary by age, health, ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Michael Boyle is an experienced financial professional with more than 10 years working with ...

Life insurance coverage can offer important financial protection. Most people agree that protecting their loved ones in the event of death is very important. Life insurance can help your family ...

Chris Kissell has been a journalist for three decades and has written extensively about insurance and other personal finance topics for the past 20 years. For the last 14 years, he has been a ...

[This is part 4 of a 9-part series. For a full overview of topics, see the Life Insurance Basics page.] As discussed in Chapter 3, term insurance is temporary life insurance and most people outlive ...

In its most basic form, life insurance is a contract between the policyholder and an insurance company that provides a cash payout to a named beneficiary if the policyholder dies under covered ...

Whole life insurance, sometimes called permanent life insurance, is one of two types of life insurance available — the other being term life insurance. Unlike term life policies, which last for a ...

Thefirst step in life insurance planning is to analyze your life insurance needs • Before purchasing a life insurance policy, consider your financial situation and the standard of living you want to ...