A life insurance policy can provide a financial safety net for your dependents or loan cosigners. Who are dependents? Dependents are anyone that depend on you financially (your partner, kids, an elderly parent, younger sibling). It can help pay the bills if anything should happen to you.


Term life insurance may be a good option compared to whole life for those who are looking for an affordable way to obtain a policy that covers you for a set amount of time. This can be 10 years, 20 years, or more, depending on what you choose. If you’ve got dependents or loan cosigners, it’s a really good idea.


Jamie Hale, the CEO and co-founder of Ladder, tells me everything I ever wanted to know about life insurance, but was afraid to ask.


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