Five Life Insurance Mistakes That Can Haunt You
Life insurance is an asset that can serve various purposes, for most people, it is a tool utilized for income replacement. While life insurance can be of great use, you should remember to keep an eye on it rather than just stuffing it away in a drawer.
Here are five life insurance mistakes that can cost you:
1. Rate increases
2. Affinity groups
3. Beneficiary designations
4. Estate tax
5. Crummey letters