Life insurance is a form of protection from financial loss that grants your beneficiaries cash benefits in the event of your death.When the unexpected happens, life insurance policies can help keep your loved ones financially afloat.
It covers your financial commitments
It allows your family to maintain their standard of living
It covers final expenses and funeral services
It covers outstanding debts or mortgages
It also covers educational expenses
Finding the right type of insurance policy doesn’t have to be complex. There are two main types of life insurance: term life insurance and permanent life insurance