Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Life Insurance Policies and other Life Insurance topics.
Sometimes having multiple resources for your family upon your death is not only great for them, but can be easy on your wallet as well. For example, having a whole life insurance policy of $1,000,000 to help your family pay the mortgage & other monthly expenses will be more costly than having a $500,000 whole life insurance policy and a $500,000 mortgage life insurance policy. By discovering the different ways that you can provide for your family upon your death, you may be able to afford more protection for them.
|Jennifer Mathes, Ph.D.|