universal life insurance

There's something about life insurance that just freaks some people out -- we'd prefer not to consider our mortality. But September is life insurance awareness month, and lack of knowledge breeds fuzzy thinking. So we've sorted some facts from fictions and debunked an even dozen myths about life insurance.

When it comes to life insurance, it seems that more folks are passing up old-fashioned term life for flashy new hybrid policies. So what's the allure of these new varieties of insurance, and more importantly, would you be better off with that plain vanilla policy after all?

This post is part of a series where personal finance expert Dan Solin provides 10 insurance tips no one else will tell you. See all 10, plus one bonus tip! Almost one-third of all Americans have no life insurance. The average amount of life insurance held by those that have it is $146,000 --...