Purchase appropriate insurance

CFCCU Financial Tip of the Day:

Purchase appropriate insurance

It’s important for individuals to have life insurance. “For most people term life insurance makes the most sense.”Consider how much your spouse or love one would need to maintain their current lifestyle and whether that will need to continue long term.”

If you don’t have any group coverage through work, look into getting some individually. It’s much cheaper to do this when you are younger. Talk to a knowledgeable insurance agent, do your homework and shop around.