Insurance is a contract, represented by a policy, in which a policyholder purchases financial protection or reimbursement against losses from an insurance company. Insurance is a way to manage risk. When you buy insurance, you purchase protection against unexpected events that cause financial losses. Companies pool client risk to make payments more affordable for insurance policy holders.
Several types of insurance are available from insurance companies including disability insurance, life insurance, health insurance, homeowners insurance, and auto insurance.
Hannah Sammut discusses when you should think about getting life insurance with Haley Tolitsky, CFP at Cooke Capital.
Michael Finke, a research fellow with the Alliance for Lifetime Income, describes how annuities can provide tax-advantage investment returns.
Should you convert your term life insurance to permanent life insurance? Jeffrey Levine - aka The Hammer - describes scenarios where converting your term life insurance policy to a permanent life insurance policy might be the best option.
Jeffrey discusses permanent or term life insurance vs variable life insurance.
Becca Craig, ABA, CFP from Buckingham Strategic Wealth discusses what to do with your Permanent Life Insurance Policy in retirement.