Life Insurance: Protect What Matters Most
What Is Life Insurance? Life insurance is a contract between an individual and an insurance company where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. This financial safety net is designed to provide peace of mind and long-term security for your loved ones. Why Is Life Insurance Important? Life insurance is a key part of financial planning, especially if you have dependents or outstanding debts. It helps cover: Funeral and burial expenses Outstanding debts and loans Daily living expenses for surviving family members Children's education costs Estate taxes and legal fees Without life insurance, your family may struggle financially in your absence. Types of Life Insurance There are several types of life insurance policies to fit different needs and budgets: 1. Term Life Insurance Provides coverage for a specific period (e.g., 10, 20, or 30 years) Lower premiums than permanent policies N...