(BPT) - Life insurance. Everyone says it’s important, but it can be a difficult topic to talk about and even more difficult to understand. However, it is critical to understand this topic because of its importance to building your financial strategy.
Life insurance can help you provide for the people and organizations you care about. Choosing the right life insurance solution gives you peace of mind knowing your loved ones will be taken care of. Here’s a quick primer from Thrivent Financial for Lutherans on some of the most common types of life insurance.
* Term life insurance – Temporary life insurance that offers a death benefit and is generally less expensive than permanent insurance. It's ideal for short-term life insurance needs, like when you are raising a family, paying off a mortgage or starting a business.
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