There are many factors when you're shopping for life insurance. There are almost as many options to get coverage. Understanding the differences between policies is vital.

The two major life insurance categories are term and permanent life (or whole life). The significant difference between them is that term life covers you for a period; whole life is for your entire life. Each type brings its own positives and negatives.

Let's take a look at term life and permanent life insurance so that you can make the best life insurance decision for you and your family. Term life is often the simplest and most affordable life insurance. Term life insurance serves the basic function of ensuring that your beneficiaries receive a payment if you die while the policy is in effect Read More...

Life insurance is no longer about filling out lengthy forms and going through medical exams. Now, an increasing number of life insurers are letting consumers sign up for life insurance online.

Life insurance companies are hoping these online options interest 20- and 30-somethings to buy policies. "People under 30 are more tech-savvy than any other age group, offering the ability to get life insurance online without having to speak to anyone and with a faster process than traditional life insurance applications is definitely attractive to them," said Shauna Visconti, sales director and life insurance agent at Leap Life. "Life insurance only costs more the older you are, so obtaining it under 30 ensures you secure the lowest possible rate and thus saves you money in the future. Being proactive now will pay off in the long run." Read More...

No one likes to think about their funeral, but planning ahead is a wise financial decision that helps your loved ones and resolves possible disagreements. You can do this with funeral pre-planning, final expense insurance, pre-need insurance and pre-need trusts.

The median price for a funeral is more than $8,500, according to the National Funeral Directors Association, but costs can run into the tens of thousands. Let's take a look at pre-planning a funeral, final expense insurance and what to consider when planning ahead.

Most funeral homes offer pre-planning services. This allows you to make arrangements for some or all of your funeral, down to every detail. The funeral director will give you a price list for goods and services, which the FTC requires under the "Funeral Rule." Read More...