Your loved ones, and their care, should be the most important thought in your life. It's essential to have covered yourself with a good life insurance policy so you can continue to care for your loved ones when you have passed on. In this article, you will find a variety of tips that will help you find the best insurance policy to fit your needs.
Disability insurance is a good idea, especially if you live paycheck to paycheck. It will pay you cash in the event that you are hurt, sick or can't work for any other reason. Your medical insurance will pay your doctor bills, but they won't cover your day to day living expenses.
When creating a life insurance policy, never name your minor children as the beneficiary. The flaw in this plan is that minor children cannot inherit money, so it is handled by a custodian appointed by the state or the insurance company. This custodian might not be the surviving parent. In addition, placing your child as the beneficiary allows them access to the full fund as soon as they turn 18.
