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 Interest.com article, This life insurance policy sounds good, but it's not.