Jul 25
Don’t waste your money on these types of insurance
Have you ever gotten a phone calls from your credit card or mortgage company offering inexpensive insurance that will pay off your balance in the event that you die? Sounds like the deal of the century. Just 39 cents, or less, per $1,000 you owe each month to protect your family.
Don’t fall into their trap! The key reason for life insurance is to protect your family from financial disaster if something were to happen to you unexpectedly. A lot of the life insurance being sold today is duplicative of the protection you would get from a term life insurance policy.
So what policies should you think twice about?
More after the jump…
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