I don't find anywhere I can ask about insurance, so I am writing here and hope it is okay because it can be related with property issues such as 'mortgagee payment'.
I wonder whether taking life insurance is worth in mid 50's. It costs $1900 per year for $500K cover. I have not looked into the policy that well, yet or I read it roughly and am not sure whether I understand it well enough.
Do you have experience with life insurance?
Is there anything that one has to be particularly careful when choosing a life insurance?
Also, any suggestions for a good life insurance company?
Instead of life insurance, would income protection insurance be better?
I wonder whether taking life insurance is worth in mid 50's. It costs $1900 per year for $500K cover. I have not looked into the policy that well, yet or I read it roughly and am not sure whether I understand it well enough.
Do you have experience with life insurance?
Is there anything that one has to be particularly careful when choosing a life insurance?
Also, any suggestions for a good life insurance company?
Instead of life insurance, would income protection insurance be better?
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