Insurance is a legal contract in which an insurer (insurance company) indemnifies another against covered losses from ...

The two most common types of permanent life insurance that can be used as an asset are whole life insurance and universal life insurance, according to financial experts at JP Morgan. 2.

Like term insurance, permanent life insurance policies offer a payout to the beneficiaries in the event of the covered person’s passing. However, this category of insurance also carries cash ...

Mortgage life insurance can help pay off your mortgage if you die, but is it the right option for you? Learn more about this coverage and when it makes sense.

Smith explained that, when used properly, a life insurance policy can be leveraged to help pay for milestone moments, like education or a wedding. It could even help in starting a business.

Insurance of any kind is a grudge purchase, and perhaps life and dread disease even more so because death, or being permanently incapacitated and unable to work, is not a pleasant thought.