Evaluating life insurance
September 7, 2018
I’m Miriam Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money
M We’re your advocates for spending money wisely on what honors God and is right for you. Here’s one way. Consider life insurance. Your need: to cover the risk of breadwinners. Needs change, which means you should have policies that meet those needs.
V Term, less expensive, is a wise choice to cover mortgage and other costs if the bread winner dies before the home is paid off. Whole life, coverage throughout life is more expensive and may not be needed if there has been wise savings and no debt in later years.
M Many young married couples don’t think to purchase this important policy. Assess your need regularly. Risk is covered, a policy that suits you.