Insurance BasicsCurated Directory — Courses, Videos, Books & Websites

1 Basic Principles of Life and Health Insurance and Annuities

The video breaks down how life (term vs. whole), health (premiums, deductibles, networks, out‑of‑pocket maximums) and annuity (fixed vs. variable, tax‑deferred growth, surrender charges, income riders) products function so you can see the real costs, benefits and trade‑offs. It offers practical decision rules—when term life fits temporary income replacement, when cash‑value policies or annuities may serve long‑term wealth transfer or guaranteed retirement income, and how to weigh premium affordability, liquidity needs, underwriting risks and policy exclusions. Watch if you want a concise checklist of the specific questions to ask a financial professional (coverage needs, beneficiaries, fees, riders, surrender periods, tax treatment) and concrete criteria to decide whether to buy, compare, or skip each product.