Sure, life insurance isn’t exactly sexy, but its goal sure is smart: to provide financial security for your beneficiaries after you die. In the event of your unexpected or premature demise, a life insurance payout can help cover funeral expenses, pay off outstanding debts, and help to replace your income so your family can maintain their standard of living.
Here are our most popular life insurance stories of 2016:
#5. Do You Have the Right Kind of Life Insurance?
You might know about the different types of life insurance, but that doesn’t mean you have the right kind. From price vs. value to blindspots and regrets, here are some things to consider.
#4. What Are the Biggest Myths About Life Insurance?
Life insurance has a lot of variables, leading to quite a few myths about rules, benefits, and limitations. Never make assumptions about your coverage—it can cost you.
#3. 6 Times When You Should Review Your Life Insurance Coverage
Whether it’s new beginnings (marriage, babies) or endings (divorce, retirement), these six life-changing events signal it’s time to review your coverage.
#2. Should You Buy Life Insurance Before the Jan. 1, 2017 Tax Changes?
Canadian tax rules for permanent life insurance haven’t changed since 1982. If you have universal life insurance with a level cost of insurance, the upcoming changes will be big. Will you be affected?
#1. Should You Pay for Your Life Insurance Premiums Annually or Monthly?
Monthly payments are easier for budgeting, but annual payments save you money. Either way, make sure you pay your premiums on time.
- 9 Life Insurance Mistakes to Avoid
- The 5 Lamest Reasons for Not Getting Life Insurance
- The Questions You’ll Be Asked When Buying Life Insurance
Flickr: David Hilowitz