September is National Life Insurance Month, and a Wisconsin-based financial planner said most people are in the wrong about life insurance.
Certified financial planner Kevin McKinley, of McKinley Money in Eau Claire, said people either have too little, too much, the wrong kind, are overpaying, or bought it from the wrong place.
“The goal is to make whoever is left after you’re gone financially independent,” said McKinley, on Tuesday’s edition of "On Your Money."
McKinley said a policy should be based on what a person spends each month, along with large planned expenses, such as a children’s college education. For example, McKinley said take a...
