GUIDE TO BUYING LIFE INSURANCE

Parents take out life insurance on themselves “to protect their
children.” A husband kills his wife so he can take the insurance and make
himself rich. What’s the fuss all about? Why does insurance lead to so much
goodness, and yet so much trouble? What is life insurance?

Table of Contents

About buying life insurance
Who needs life insurance
Permanent life insurance
Term life insurance
What are annuities and how do they work?
What are policy provisions?
What is a rider?
How are premiums determined?
Explaining dividends
What are non-foreiture and settlement options?
What are policy loans?
What is underwriting?
Qualified and non-qualified retirement plans
Life insurance and taxes
Government plans