Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

In an ILIT, the grantor or creator of the trust cannot change the terms or beneficiaries of the trust, just like any irrevocable trust. However, grantors may place one or more life insurance policies ...

Life insurance can be a smart way to ensure your family is financially prepared for a situation where you are gone. There are different life insurance policies, each with their own benefits. If you ...

We looked at term and permanent life policies to identify the top life insurance companies overall ...

Life insurance is an affordable way to protect your family against the financial risks of your death. The death benefit helps your loved ones cover monthly bills, pay off debt, fund college and meet ...

When making careful financial considerations, timing plays a key role. This is especially true for insurance protections, whose benefits are heavily dependent on when a policy is purchased. If you buy ...