Life insurance is critical to financial planning. It's a
necessity for anyone with dependents who would be affected
financially by his or her demise. Yet life insurance is one of the
hardest financial products to understand, and it's sold by
agents who are sometimes more concerned with their commissions
than the client's needs. The end result is that too many people surrender
their life insurance decisions to agents, grab the first policy
that seems reasonable, and pay far more than necessary for coverage.
This Money 101 lesson is all about a better way to buy life
For a quick overview, click on
"Top 10 things to know" at the
upper left. Or work your way through "The details" sections for
more information on the topics in this lesson (calculators and
other interactive features are marked with a
section provides an online dictionary of importantterms. And
"Take the test"
is a quiz that checks what you've learned and offers
suggestions for further study.
Next: Top 10 things