Nearly everyone needs life insurance, but it’s easy to end up with a bad policy.
I’m specifically talking about permanent life insurance which provides protection for your entire life as long as you continue paying the premium and the insurer remains solvent. Permanent life insurance comes in three broad flavors: whole life, universal life and variable life.
Most people who end up with a permanent life-insurance policy probably are spending more money than they should for more insurance than they need.
Continue reading “The Case Against Permanent Life Insurance”