Life insurance is a heavy topic with all sorts of emotional baggage and economic bias surrounding it. While some over-simplify the process (suggesting a mere multiple of one’s salary as a recommendation), many over-complicate it on a quest to make a big commission through the sale of a bells-and-whistles life insurance policy.
It’s a challenge to summarize this topic at all, but that didn’t stop me from trying… This 90 Second Finance video is Life Insurance, Part I: WHY? and I’ll be following that with Part II:HOW? this coming Monday. So how about dedicating 180 seconds to better understand the role of life insurance in your financial realm?