- Budgeting
- Cash Management
- Consumer and Mortgage Loans
- Debt and Debt Reduction
- Time Value of Money 1: Present and Future Value
- Time Value of Money 2: Inflation, Real Returns, Annuities, and Amortized Loans
- Insurance 1: Basics
- Insurance 2: Life Insurance
- Insurance 3: Health, Long-term Care, and Disability Insurance
- Insurance 4: Auto, Homeowners, and Liability Insurance
- The Home Decision
- The Auto Decision
- Family 1: Money and Marriage
- Family 2: Teaching Children Financial Responsibility
- Family 3: Financing Children’s Education and Missions
- Investments A: Key Lessons of Investing
- Investments B: Key Lessons of Investing
Introduction
Once you understand the basics of insurance, your understanding of why life insurance is so important increases greatly. Much of what is written on the subject of life insurance is confusing and difficult to grasp; therefore, the purpose of this section is to help you to more clearly understand the benefits and costs of each of the different types of life insurance.
When you have completed this section, you should be able to do the following:
- Understand the benefits of life insurance.
- Know the answers to the five key questions about life insurance.
- Understand the types of term life insurance.
- Identify the types of permanent insurance.
- Determine which type of insurance is best for you and know the steps to buying life insurance.
