Are You Spending Too Much on Life Insurance?

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Life insurance: It’s the most important policy that few of us really want to think about. If your own approach to life insurance is out of sight, out of mind, consider this: It’s likely also out of wallet—no matter where you’re looking.

It’s easy to evaluate our day-to-day spending on the little things, like groceries and gas. But the big things, like life insurance, aren’t always so straightforward.

Stephany Kirkpatrick CFP®,  LearnVest Director of Financial Planning, describes the difference between term and permanent life insurance policies, the factors that affect the price of your coverage—and how to make sure that you’re only buying what you need.