Some Life Insurance Policies Aren't as Good as They Sound

Photo: JohnSeb

Recently, I saw a compelling commercial for life insurance.

A woman, implying that her husband had died, says how glad she is that he purchased life insurance. His family is okay, she suggests, because he provided for them.

Turns out, though, hubby is very much alive. His family just used his life insurance policy to help his son pay for college.

Despite the commercial's emotional pull, this type of widely available insurance, called permanent or whole-life insurance, isn't a good choice for most consumers. What option should you choose instead, and why? Find out in my article, This life insurance policy sounds good, but it's not.

1 comment:

EJ said...

Thinking about life insurance and don’t know where to start? Try IntelliQuote. I work with them and you can get free quotes on rates from several different providers without any pressure to buy. Want to talk to a human? They have agents available to help find the policy that is right for you. Not ready? No pressure. But at least it’s a place to start.