What is life insurance?
Life insurance is a contract between an individual and an insurance company, where the insurer guarantees to pay a sum of money to the designated beneficiary upon the death of the insured person.
Why do I need life insurance?
Life insurance can provide financial security for your loved ones in the event of your unexpected death. It can help cover expenses like funeral costs, outstanding debts, and provide for your family's ongoing needs.
How much life insurance do I need?
The amount of life insurance you need depends on your individual circumstances, such as your age, income, and number of dependents. A financial advisor can help you determine the appropriate amount..
What are the different types of life insurance?
The main types of life insurance are term life, whole life, and universal life. Term life provides coverage for a specified term, while whole and universal life provide coverage for life and build cash value over time.