InsuranceInsurance is a paid contract that guarantees a benefit if something bad happens (e.g. car accident, death, theft, etc).
All Questions: Insurance
I am getting ready to retire. Should I invest a lump sum of money into an annuity? If so, which type would benefit me the most?
I have a $350K whole life insurance policy with a $15K investment value. I have considered buying a term policy with $1M of coverage for about $800 per month. If this is wise, how should I proceed?
How can I use term life insurance to make sure my minor son is taken care of in the event of my death, but not allow my estranged wife to access it?
I'm thinking about canceling my whole life insurance policy, and instead put the money into a taxable brokerage account. Is this a good idea?