What is life insurance and how does it work? A beginner's guide
CBS News · Aly J Yale ·
Life insurance can be a smart tool for protecting your loved ones. Here's what to know before buying a policy.
Life insurance can provide a financial payout for your loved ones in the event of your death. It's often a smart financial move for parents, partners, primary income earners, homeowners and others who have dependents relying on them — or their salaries — to get by.
Still, life insurance isn't right for everyone — or every budget. So it's important to take an informed approach before securing a policy. Below, we'll detail what to know about life insurance, how it works and what it could cost you if you buy a policy.
Find out more about your life insurance policy options here.
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