Life insurance may be one of the most important purchases an individual will ever make. An August 2010 study by LIMRA, an insurance research organization, revealed that ownership of individual life insurance has fallen to a 50-year low in the United States: 30 percent of households (35 million) have no life insurance coverage at all. In addition, there are a variety of mistakes made during the process of obtaining life insurance coverage. Procrastinating When you wait too long to buy life insurance, you leave your family vulnerable if something unexpected happens to you. Term life insurance premiums generally increase […]
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- Jeff Masters
- 2 Feb 2016
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