Investigate whole and universal life insurance policies that will forever protect those that need it. In addition to death benefits, many policies also offer savings components to provide an extra sum of liquidity if needed.

Term life insurance offers many of the valuable benefits of a permanent life insurance policy, but it's usually more affordable. The policy expires after an agreed-upon time period, but you may have the option to renew it again.

Consider all of the cost of being a senior: Nursing home care, home healthcare providers, adult day care and more. They can make living more comfortable, but they're also quite expensive. Safeguard yourself and your family against the costs of this type of care with a policy for people who require full-time assistance.