There are many reasons for obtaining life insurance coverage, whether you have a spouse and children to protect or simply want to leave behind a legacy. Before you can choose and buy the right policy for you, you need to understand how a life insurance policy functions in the first place.
You’ve probably heard the famous Benjamin Franklin quote, that nothing in life is certain except death and taxes. While both of those (unpleasant) facts hold true, do they necessarily need to co-exist?
There are times in life that you can probably risk cutting corners: buying conventional bananas over organic, for instance, or opting for generic paper towels. When it comes to your life insurance coverage, however, a little bit of savings may not be worthwhile if it comes at the expense of your loved ones’ financial stability.
One of the best ways to financially protect those you love is to buy adequate life insurance coverage. Both short- and long-term policies can replace your income if you were to suddenly pass away, as well as provide for your loved ones’ needs. But once you’ve purchased a life insurance policy, is there ever a reason to buy another one? Today, let’s talk about whether or not you can have more than one life insurance policy, and why you’d want to in the first place.
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