How does term life insurance work? Term life works as a time-limited safety net. If you were to die within the term the policy is active, the insurance company would pay out a death benefit to your ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader ...

Getting life insurance is a good idea, especially if you have a spouse or kids. But choosing the right life insurance policy for your family can be confusing, especially with dozens of types of ...

If you’re shopping for a life insurance policy, you’ve probably seen term and whole life insurance policies. The biggest ...

Two common types of life insurance, term life insurance and whole life insurance, can be useful coverage for many people. However, term and whole life insurance function very differently. Term life ...

If you have have people who rely on you financially, what would happen in the event you – and therefore your income – died ...

Life insurance is a policy designed to financially protect your loved ones in the event of your death. Insurance companies pay a set amount of money, called the death benefit, to a designated ...