Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South ...

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Understanding the basics of how life insurance works can go a long way toward helping you make a good decision about what type of life insurance to buy. Written By Written by Insurance Senior Editor, ...

When you apply for most types of life insurance, there is no guarantee you will be accepted – at least not at an affordable premium. That’s because the life insurance provider might determine that you ...

Family life insurance isn’t a single product sold by insurance companies. In some cases, it refers to the ability to purchase additional coverage for family members. In others, it’s a way of conveying ...

How does term life insurance work? Term life works as a time-limited safety net. If you were to die within the term the policy is active, the insurance company would pay out a death benefit to your ...

Basic life insurance is a simple life insurance policy, often offered as part of a benefits package at a company along with group health insurance, paid time off and more. Companies often offer basic ...

Supplemental life insurance is additional coverage offered through your employer, usually at a discount. Supplemental life insurance typically doesn’t have a cash value component and coverage is often ...

Life insurance policyholders agree to make regular payments to insurance companies in exchange for a guaranteed death benefit. That benefit is paid to the policyholder’s beneficiaries if the ...