What is Life insurance?
{{more footnotes|date=February 2021}} {{unreliable sources|date=February 2021}} '''Life insurance''' is money for your family to use to pay your bills and death expenses when you die. A person must be healthy to purchase a life insurance policy. The amount of life insurance needed depends on the person’s family’s needs when they die. Some things to consider when purchasing a life insurance policy are, marital status, the number of dependents, (wife, kids, etc.) family size, [[income]], and [[wealth]]. Life insurance has different types of policies. == Types of life insurance == * Term life insurance * Whole life insurance<ref>{{Cite web|last=|first=|date=|title=Whole Life Insurance - How Does It Work?|url=https://www.insuranks.com/compare-whole-life-insurance-quotes#Whole-Life-Insurance-How-does-it-work-|archive-url=|archive-date=|access-date=2021-01-09|website=www.insuranks.com}}</ref> * Universal life insurance * Indexed universal life insurance * Variable life insurance * Variable universal life insurance * Final expense insurance * Group life insurance ==References== {{reflist}} {{stub}} [[Category:Insurance]]