Term life insurance is a good option for individuals who have specific financial obligations, such as a mortgage or college tuition, that will be paid off in a set period of time.
A life insurance policy covers your loved ones should something happen to you. It can also help reduce the impact of a death on your family and friends.
While there is no foolproof way to make sure your parent is financially prepared for their retirement, there are certain things you can do to help ease their transition.