Author Archives: Brian So

Term life insurance and its 5 most common uses

Most people, when they think of life insurance, don’t picture a policy with cash values, investments, and so forth. They envision life insurance simply as straight forward as paying premiums in exchange for a death benefit when they die. This is exactly the principle of term life insurance. As part of a series of posts covering the basics of life insurance, in this week’s topic I will cover the 5 most common uses of term life insurance: final expenses, specific family need, income replacement, business applications, conversion to permanent.

5 important points to consider when purchasing life insurance

Five important points to keep in mind when thinking about purchasing life insurance. Know why you're buying it, how much coverage is needed, whether to buy term or permanent, choosing additional options and affordability. There is no "perfect policy" that is suitable for everybody. The only perfect policy is one that is in force at the time of death of the life insured. Start by discussing with your family what your objective is for purchasing life insurance, and speak to a licensed insurance professional about your different options.