Is life insurance worth it?
Key takeawaysLife insurance policies come in many forms and at varied price pointsLife insurance can create a financial safety net for your family, loved ones or business partnersSome types of life insurance can provide tax-deferred growth on a cash-value feature but are not comparable to traditional investment vehiclesTerm policies are often the most affordable form of life insuranceAlthough it may be uncomfortable to think about, life insurance can provide a valuable financial safety net. Policyholders pay into a life insurance policy during their life, and when they pass away, they are specified as beneficiaries receiving the policy payout, also known as a death benefit. That's the quick version of how life insurance works, but the details and varieties can be myriad. Understanding these policies' ins and outs can help you…