life insurance, debt reduction, replace income, nexgen, permanent, term

Life is full of uncertainty and the best laid financial plans must account for the unexpected.

Few financial instruments are as complex as life insurance, but it doesn’t have to be a mystery as to how it works.  For most people, life insurance is the single most important part of their financial life as it may provide the only source of capital that will be needed to sustain a family’s financial security when one of the breadwinners dies.  It represents a substantia

Throughout its recent history, life insurance has been a paradox for many people. It’s greatly appreciated when it is needed most, at the death of a breadwinner, and it’s dreaded when it is being contemplated to fill a need.

Most people are familiar with the basic concepts of life insurance and understand that some level of protection is a necessary part of modern financial life.  The question of what life insurance can actually accomplish, when considered as part of an overall financial plan, is more involved and worth a closer look.