Life insurance is a contract between you and an insurance company that provides a payout to your beneficiaries in the event of your death. This financial safety net helps protect your loved ones from financial hardship.
Types of Life Insurance
Term Life Insurance: Provides coverage for a specific period. It is typically more affordable but expires after the term ends.
Whole Life Insurance: Covers you for your entire life and includes a cash value component that grows over time.
Universal Life Insurance: A flexible policy that combines a death benefit with a savings component that can earn interest.
Why Life Insurance is Important
Life insurance ensures that your family is financially secure even if the unexpected happens. It provides peace of mind knowing that your loved ones will be taken care of.
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