Decoding life insurance for parents
Life insurance is a critical financial tool that provides a safety net for your loved ones in the event of your untimely demise. As a Certified Financial Planner (CFP) and a former employee of the largest life insurance company in the United States, I am often asked, “Should I own life insurance?” The answer is not a simple yes or no, but it depends on your circumstances, particularly if you have young children. Understanding life insuranceLife insurance is a contract between an individual and an insurance company. The individual pays premiums, and in return, the insurance company promises to ...