Life insurance pros and cons: What you need to know
Buying life insurance offers security, but at what price? (( iStock ) More than 500,000 Americans have died from the coronavirus pandemic, according to the Centers for Disease Control. Accordingly, mortality is on the minds of many people who worry about caring for their loved ones if they die. A solid financial plan is vital, and life insurance is an integral part of that plan. Buying life insurance is important, especially senior life insurance. However, the pros and cons of life insurance plans vary depending on the term, death benefit, and insurance premiums. Visit Credible to explore your options, whether it's your first time buying life insurance or looking to upgrade your coverage. Investing in life insurance, while serving as a financial safety net, can be costly, which is why understanding the pros and cons is so important. Benefits of a life insurance 1. Peace of Mind While thinking about your death can be uncomfortable, knowing that your loved ones will be fin...