Why is Life Insurance a Good Investment?

Why is Life Insurance a Good Investment?

There are a variety of reasons why some people don’t purchase life insurance. In many cases, consumers feel the coverage may be too expensive for their budget. This holds particularly true at a time when unemployment remains around 10 percent.

However, it’s those families who struggle financially who stand to benefit a great deal from a life insurance policy. The funds from a plan can be applied towards paying down debt and other goals if the policyholder passes away.

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What are the disadvantages of group life insurance?

What are the disadvantages of group life insurance?

As an employee, you might feel that employer-provided group life insurance covers all your family’s death benefit needs. It’s tempting to rely solely on group coverage because you may feel there’s no need to spend the money on extra coverage.

This type of thinking can be dangerous beyond the old phrase of “it’s never a good idea to put all your eggs in one basket.”

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