Life Insurance
Life insurance is a contract between an insurer and a policy owner. A life insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured dies in exchange for the premiums paid by the policyholder during their lifetime.
What is Life Insurance?
Life insurance protects the financial future of the ones you love by paying a tax-free cash benefit to your beneficiaries. This is particularly important if your loved ones would experience financial hardship. This money can help:
- Pay off loans, debts, mortgages
- Maintain their lifestyle and pay day-to-day expenses
- Pay for your children’s education
- Cover funeral expenses
