The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
The clever person who once said that money is the root of all wealth, was onto something. There’s more truth in that humorous line than meets the eye. In fact, in today’s lagging economic environment, hard-working adults are exploring every conceivable technique for discovering the root of personal wealth. For many, tried-and-true strategies like real estate investing are still the go-to solution.
Life insurance is pretty simple at first glance. It’s a policy you purchase and continue to pay off until your death. Upon your death, your beneficiaries receive a payout. However, there’s more to life insurance than meets the eye. In fact, there are lifestyle factors that affect your fitness for certain policies and multiple types of it, other than what was just described. Each of these policies are vastly different from each other. In this article, we’ll be going over the different types of life insurance and how they work.
Continue reading What Are the Different Types of Life Insurance?
