Mortgage life insurance: who gets paid, and what happens when you move?
Compare the beneficiary, benefit amount, underwriting and portability before treating mortgage creditor coverage and an individual life policy as interchangeable.
Critical illness insurance: why a diagnosis may not trigger a payment
The covered-condition definition, exclusions and timing requirements determine a claim. A familiar medical name on a brochure is only the beginning of that review.
Whole life insurance: separate the guaranteed values from the illustration
The premium schedule, surrender values and dividend assumptions answer different questions. Read each before treating a whole life policy as an accessible pool of savings.
Term or whole life? Start with how long the financial obligation lasts
A temporary income-replacement need and a lasting estate need can call for different analysis. Compare the amount, duration and premium commitment before choosing a product label.
Before buying critical illness insurance, put a recovery budget on paper
Start with the expenses and income changes a serious illness could create. Then compare existing resources with the specific events a policy would cover.
Life insurance for children: what is covered now, and what can be bought later?
An existing death benefit, a future purchase option and cash values are separate features. Each has limits that should be weighed alongside the household’s other financial needs.