Life insurance basics and what beneficiaries need to know

September is Life Insurance Awareness Month and CBS News business analyst Jill Schlesinger joins "CBS Mornings" to review the different types of life insurance, who can be a beneficiary and what they need to know.

#news #finance #lifeinsurance

Each weekday morning, "CBS Mornings” co-hosts Gayle King, Tony Dokoupil and Nate Burleson bring you the latest breaking news, smart conversation and in-depth feature reporting. "CBS Mornings" airs weekdays at 7 a.m. on CBS and stream it at 8 a.m. ET on the CBS News app.

[forestforthetrees]

Why wouldn't someone need whole life insurance, especially someone living paycheck to paycheck who don't have the means to invest as well like the wealthier people on TV talk about. This is not a dig, it's just a fact, so I think talking about life insurance for people with less money to spend monthly would have been a great addition to this conversation.
Term life insurance isn't a good risk for everyone because what if it expires before you do?

[DickNasty]

What was NOT discussed is if you have young children and you are both working and one of the parent(s) passes away, the remaining spouse might not be able to work and will have to stay home and raise the kids, then you need to factor NOT having that additional monthly paycheck coming in. Very rudimentary and sloppy reporting from Jill Schlesinger who is a hack economics reporter.