Life insurance can help provide for the people who depend on you financially, if the time comes when you are not able to be with them. Life Insurance helps to Life insurance money is often used for replacing lost income, covering past debts, mortgage payments, children’s education and/or final expenses.
There are two types of life insurance:
Term life insurance offers simple coverage for a set time period which is typically between 10 and 30 years.
Permanent life insurance offers coverage for your lifetime with the potential to build equity in the form of cash value and options which provides greater flexibility.