Insurance explained in plain language.

Term insurance provides protection for a defined period and is often an affordable way to cover temporary responsibilities. Permanent insurance may provide lifetime coverage and, depending on the product, cash-value accumulation. The right option depends on your goals, budget and time horizon.

Compare the deductible, out-of-pocket maximum, copays, provider network, covered prescriptions and specialist rules. A low-cost plan can become expensive when your regular doctors or treatments are out of network.

Consider the mortgage, debts, final expenses, education, emergency savings and years of income your family may need. Then subtract savings, investments and existing insurance. Our calculator can help organize this first estimate.

Define your desired monthly income, review current savings and estimate what you can contribute regularly. Compare multiple growth scenarios and review the plan whenever your income, expenses or retirement date changes.

Along with property and liability protection, a company may need key-person coverage, buy-sell planning, business continuity and employee benefits. Every business requires an individual review.

Review policies when you buy a home, marry, have children, change jobs, start a business or approach retirement. An annual review also helps confirm beneficiaries, limits and contact information.