The “10 times income” guideline is often shared online, but it doesn’t take a detailed look at your family’s needs, nor does it take into account your savings or existing life insurance policies. And ...

Discover how the Human-Life Approach determines life insurance needs by considering income loss, retirement, and essential factors for financial stability.

We work hard to support our families, manage expenses, and plan for the future. But it is also important to think about how ...

The market for life insurance for seniors is estimated at $1.83 billion in 2025 and is expected to rise to $1.9 billion in 2026. Buying life insurance can be an important financial strategy for ...

Term and whole are your two main options when purchasing life insurance. For older adults, though, many assume term life insurance is the only choice. And while its lower price and shorter duration ...

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Michelle is a lead editor at Forbes Advisor. She has been a journalist for over 35 years, writing about insurance for consumers for the last decade. Prior to covering insurance, Michelle was a ...

The short answer is: It depends. Here are the situations when you may need to consider taxes on your life insurance policy. If your beneficiaries opt to receive the death benefit as a lump-sum payout, ...

Question: A man from Milan writes: "My wife and I have a baby on the way. Now that we will have a dependent, we plan to get life insurance. We went to visit our insurance agent. She told us that we ...

It’s that time of year again. No, not curled-up-watching-football-on-the-couch season (although it is also that). I’m talking about open enrollment, the one time every year when you can get or change ...

Purchasing life insurance for a child can provide a safety net if the worst should happen, but it can also protect them well into adulthood. There are different plans that parents, grandparents or ...