When you’re young, you feel invincible – like nothing could ever hurt you. You’re less likely to consider life insurance, even though this is the prime time to get it.
Choosing a beneficiary depends largely on how you’d like your life insurance to be used upon your death. If you have young children, naming a spouse or close family member you trust as your beneficiary and memorializing your wishes may be one way to provide for your children’s care in your absence.
Life insurance spares your family the stress of scraping by to afford final expenses and pay bills after you’re gone.
If you are looking for life insurance, but are a little confused by all the different options and terminology, then you have come to the right place. Here you will find a straightforward, commonsense explanation of all the different types of life insurance that are commonly available to purchase.
