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Financial Smarts Newsletter


Financial Smarts gives general information on important consumer topics such as insurance, retirement planning, saving and investing.

Summer 2016

"Your Life Insurance Questions Answered"

Purchasing a life insurance policy can be an intimidating process for consumers. A life insurance policy helps you plan for the financial future of your loved ones. It is a contract with an insurance company whereby the owner of the policy pays to the insurance company premiums and the insurance company pays to the policy beneficiary a benefit upon the death of the insured, subject to the terms of the policy.

Read the summer 2016 Financial Smarts entitled “Your Life Insurance Questions Answered” and learn more about:

  • the different types of life insurance policies available
  • how life insurance is regulated
  • how life insurance premiums are determined

                     

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These materials are intended to provide general information and should not be used as a substitute for legal or other professional advice. Every effort has been made to ensure that the information contained in these materials were true and accurate at the time of publication. Some information may have changed since publication.






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