Life Insurance

Life insurance provides financial security for loved ones in the event of a policyholder’s death. It helps cover expenses such as funeral costs, outstanding debts, daily living expenses, and future needs like education or mortgage payments. By paying regular premiums, individuals ensure their family’s financial stability during difficult times.

There are two main types of life insurance: term life and permanent life. Term life insurance offers coverage for a specific period, making it an affordable option for temporary needs. Permanent life insurance, which includes whole and universal life plans, provides lifelong coverage and may build cash value over time that can be accessed if needed.

Life insurance policies can be customized based on coverage amount, duration, and additional benefits. Choosing the right plan depends on income, financial goals, and family responsibilities.

Overall, life insurance is an essential part of financial planning, offering peace of mind and long-term protection for those who matter most.