In its most basic form, life insurance is a contract between the policyholder and an insurance company that provides a cash payout to a named beneficiary if the policyholder dies under covered ...

Understanding the basics of how life insurance works can go a long way toward helping you make a good decision about what type of life insurance to buy. Written By Written by Insurance Senior Editor, ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Insurance is one of the best ways if ...