Smart Money Monday: Life insurance - Hawaii News Now - KGMB and KHNL

HONOLULU (HawaiiNewsNow) - Life insurance may not have been the hot topic at many new year's eve parties, but it's something many of us need to think about and know about. Billy Pieper, who is a vice president and wealth management consultant at Bank of Hawaii, joined Sunrise to explain some of the basics of life insurance.

Types of Insurance

Term

§ Protects for certain period of time

§ Lower cost

Permanent

§ Protects for lifetime

§ Builds cash value