Part of financial planning is preparing for the unexpected, so it’s important to select the right types of insurance. You’ll also need to consider how you want to pass on your assets to future generations with estate planning.
Watch the video to learn more about Insurance and Estate Planning, then test your knowledge at the end of the lesson.
The following are all types of insurance coverage except for:
A. Health
B. Auto
C. Disability
D. Birthday
Cash-value life insurance premiums are much lower than with term life insurance plans.
A. True
B. False
In the event of someone’s death, their will generally goes through probate, which is…
A. A legal process that involves the will’s validation and administration.
B. A collection proceeding that deducts debt amounts from the estate.
C. A legislative act protecting minors in the event of a guardian’s death.
D. A method for stopping further taxation on remaining income owed.