September 2024
1 min read
The Cost of Coverage and Protection
Understanding Premiums
Factors Influencing Premium Costs
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1 min read
Understanding Life Insurance
Protecting Your Loved Ones
1. What is Life Insurance?
Life insurance is a financial contract that provides a death benefit to your beneficiaries upon your death. This benefit can be used to cover expenses such as funeral costs, mortgage payments, or to provide financial support for your family.
2. Types of Life Insurance
There are two main types of life insurance:
- Term life insurance: This provides coverage for a specific period of time. If you die within the policy term, your beneficiaries receive the death benefit. If you outlive the term, the policy expires.
- Whole life insurance: This provides coverage