Common Life Insurance Traps And How To Avoid Them
Beware these common traps made with life insurance that can reduce its value to your family ... or leave you paying a bundle to the IRS.nnTrap: Owning too much life insurance, too long. During the years you are working and raising a family, you probably need a substantial amount of life insurance to protect your family against the possible loss of your income.nnBut as your senior years approach - with your children grown, the mortgage paid off and retirement accounts funded -