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The world of life insurance can be daunting to consumers. Often insurance policies cover pages of information leading to confusion and uncertainty. There are, however, important questions you should be asking agents when looking for an insurance policy.

You likely know that when you’re planning for retirement, many experts recommend that you diversify your portfolio. But did you know that you can use life insurance as one of your options to help you build your nest egg? If the life insurance policy accumulates cash value, then you can later withdraw those funds.

Key person insurance, sometimes referred to as key man insurance or even business life insurance, is a life insurance policy taken out on “key” people within a company. The business is the one who pays the policy premiums and is also the beneficiary of the policy.

Individuals shopping for life insurance have an array of choices, ranging from inexpensive term life insurance to more comprehensive permanent life insurance policies. There are two popular options when it comes to permanent life insurance policies: whole life insurance and indexed universal life insurance (IUL).