Psychology and Life Insurance

1-How are your financial goals related to the decision about whether to purchase life insurance?

1. Psychology and Life Insurance. Why is it difficult for many people to buy life insurance even though they need it to protect loved ones?
2. Term Insurance. What is term insurance? What factors determine the premium for term insur-ance? What is decreasing-term insurance?
3. Mortgage Life Insurance. What is mortgage life insurance? Is mortgage life insurance a good buy? Why or why not?
4. Term Insurance Premiums. What are some factors that affect term life insurance premiums?
5. Decreasing-Term Insurance. What is decreasing-term insurance? Why would someone purchase this type of life insurance?
6. Group Term Insurance. What is group term insur-ance? How do the premiums on group term compare to premiums on individually purchased term insurance?
7. Whole Life Insurance. What is whole life insurance? What benefit does it provide that term life insurance does not?
8. Policy Clauses. Describe the nonforfeiture and loan clauses of whole life insurance policies.