Life insurance is a way to protect your loved ones financially if something happens to you. It’s like a safety net. You pay a small amount of money every month or year to an insurance company, and in return, they promise to give a lump sum of money, called a death benefit, to your family or whoever you choose when you pass away. This money can be used to cover things like funeral expenses, any debts you might have, including mortgages, and to help your family continue their lives
The Different Types of Life Insurance
The most economical option. Term insurance provides coverage at a fixed rate of payments for a limited period of time to help cover short-term debts, protection while raising your children and more.
Provides coverage for the life of the insured and includes a savings component tax-deferred; which, is often invested for retirement benefits
Provides coverage for the life of the insured tax-deferred with flexible premiums and death benefit.
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