Life insurance is your most important financial building block. But think about which life insurance works best for you. There are many insurance products like the four presented that may seem to make sense.
Mom and Dad had just moved us to a tiny town in North Carolina to be closer to family. They bought some land, started building their dream home and convinced my grandparents to build a little home nearby. They had a lot of financial obligations that depended on my father's income.
Life insurance has no one-size-fits-all option, but it can be an important purchase for people whose families depend on their income to cover daily living costs, mortgage repayment, college, retirement or other major expenses.