Until recently, when trying to figure out what kind of insurance we needed for our family, I didn’t really know anything about the types of insurances available and the differences between them. I mean, I knew the difference between life insurance and health insurance, but that’s not what I am talking about.
For instance, did you know that term life insurance is different than whole life insurance?? It is!! And term insurance rates are different than whole life insurance rates, too!! The insurance you buy is determined on your age and your specific needs. Someone who has their whole life ahead of them still would want “whole life” insurance. Someone who has lived most of their life already would benefit from “term life” insurance (for a specified “term” or length of time).
It’s all very interesting when you get right down to it!!
