Conventional wisdom says that once children leave home, the need for life insurance is over. Yet for the majority of people, the single biggest asset left to a spouse at death is life insurance.”The need for life insurance doesn’t disappear as you get older, it changes,” said Mandell Winter Jr., a senior insurance expert at […]
Many people pay for credit life insurance, but few probably know what it is or if they need it.The insurance, typically an optional purchase with consumer loans, credit card applications and lease agreements, would pay off the debt if the borrower dies. Beginning next week, the South Carolina Senate Banking and Insurance Subcommittee will sponsor […]
Americans looked at life insurance for generations as a cornerstone of their family finances, as crucial as a home mortgage or savings for college. But as people have begun to live longer and worry more about running out of money in retirement, millions of Americans have started either to do without life insurance or buy […]