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Private Wealth Management: The Complete Reference for the Personal Financial Planner, 9th Edition by Jerry Rosenbloom, G. Victor Hallman

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21

Life Insurance and Social Security

This chapter deals with various forms of life insurance protection and the decision factors involved in life insurance planning.

SOURCES OF LIFE INSURANCE PROTECTION

These sources can conveniently be broken down into individually purchased policies, employer-sponsored benefits, and government-sponsored coverages.

Individually Purchased Life Insurance

In this case, the individual applies for and, if found insurable, is issued an individual contract of life insurance. This is the main area in which life insurance planning occurs. In recent years, the average size of individual life insurance policies sold has increased considerably as the uses for life insurance have become more varied and sophisticated and ...

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