Life Insurance policies

Life insurance is an insurance policy between the policyholder and the insurer. This type of insurance is used to provide financial benefits to the dependent party in case of the premature death of the insured person. Life insurance can financially protect your spouse or children if something were to happen to you.



There are three main reasons that people buy Life Insurance:

Life insurance is guaranteed protection.

• Whether you have a family or business that financially depends on you, in any result of your death, they will receive funds so that they will not be financially lost.

It can be used as an income replacement.

• If you happen to be the primary provider for your household, you can imagine the financial toll it will take when that money no longer comes in. In this case, life insurance can be used as an income replacement to pay bills and cover other expenses.

Life insurance is a tax-free benefit.

• This means that with the money that you leave them, they will get to enjoy it all. The last thing you want is for the government to take a chunk of what you've left behind.