While investing for the future, there are many people get confused between the benefits term insurance vs life insurance and end up either not buying life insurance or not opting for sufficient coverage. In fact, while 60% of Americans have purchased life insurance, a whopping 47% have less than $100,000 coverage.
It is important not to forget that life insurance payout is critical for final costs like estate taxes, clearing unpaid debt, funeral costs and financial security for beneficiaries. This infographic spotlights important information on life insurance and how to choose the right plan.
Life Insurance 101: Everything You Need to Know
Infographic by – United Systems and Software