Life insurance plus some other types
Many think life insurance is simply as the name states which are policies that cover your loved one or the insured, just in case you die before a pre-determined date (the one indicated in the coverage dates if it is a life term policy). Now there are many names companies have given their products which can be due to the amount of coverage, but there are a few additional types which can be used to augment or take the place of life insurance should the need dictates it. Many people have redundant policies that can be good but at the same time considered to be a waste of good money which could have been used for other products such as the ones indicated in the next post.