Many people don’t know much about wills and insurance. For example, we may assume we don’t make enough money to justify having an insurance policy to protect us from identity theft or finalizing a will. You may not have much, but chances are good you have enough to warrant an estate plan, which entails the right life insurance policy and the proper execution of a legally binding will.
In a blogpost on Dave Ramsey’s site, Ramsey Solutions, the Ramsey team busted seven popular myths about wills and life insurance. Make sure not to fall for these — they could put your financial health at risk and endanger the economic lives of the people you hold dear.
