Life Insurance
What is Life Insurance?
Life insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer pays a designated beneficiary a sum of money upon the premature death of an insured person. Depending on the contract or coverage, other events such as terminal illness or critical illness can also be included in terms of payment to beneficiaries.
Do I Need Life Insurance?
Life Insurance can be beneficial to specific people. There may be situations where life insurance is vital to you and your family, but there are also instances where it may not be needed. Getting the best life insurance policy for you and your family’s needs is crucial and can bring peace of mind for your future.
What If I Don't Have Life Insurance?
In the event of an untimely or premature death, those without life insurance coverage may pass away with debts and other financial obligations, which will then become the responsibility of their heirs.
What Age Should I Buy Life Insurance?
The younger you are, generally the more affordable it is. When you are younger and healthier, that is the best time to buy cheap life insurance. You should consider buying a life insurance policy as young as possible. There are other life events that you should consider when purchasing life insurance, such as getting engaged, married, or having a child.