Reported 1 day ago
This article emphasizes the importance of careful financial planning for parents when purchasing life insurance. It outlines three crucial questions to consider: selecting the right type of policy based on needs (term vs. whole life), determining the appropriate amount of coverage needed to maintain the family's lifestyle and cover debts, and strategizing to create generational wealth through life insurance. Ultimately, the right life insurance policy provides financial security for children, ensuring they can thrive even in challenging circumstances.
Source: YAHOO