Life Insurance

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Life insurance is a contract between you and an insurance company. You pay regular premiums, and in return, the insurer provides a death benefit—a lump sum payment to your chosen beneficiaries when you pass away. This money helps cover expenses like housing, debts, education, and daily living costs.

• Financial Security for Loved Ones: Ensures your family can maintain their lifestyle if you’re no longer there to provide.
• Debt Protection: Helps pay off mortgages, loans, and other obligations.
• Final Expenses: Covers funeral and burial costs.
• Future Planning: Can fund education or leave a legacy for loved ones or charities.

• Term Life Insurance: Affordable coverage for a set period (10, 20, or 30 years). Ideal for temporary needs like a mortgage.
• Whole Life Insurance: Permanent coverage with a guaranteed death benefit and cash value that grows over time.
• Universal Life Insurance: Flexible premiums and potential cash value growth.
• Final Expense Insurance: Designed to cover funeral and end-of-life costs.

• Peace of Mind: Your loved ones are financially protected.
• Cash Value Options: Some policies allow you to borrow against accumulated value.
• Tax Advantages: Death benefits are generally tax-free for beneficiaries.

A common rule of thumb: 10–20 times your annual income, adjusted for debts, dependents, and future goals. Use online calculators or consult an advisor for a personalized estimate

• Covered: Most natural and accidental deaths, provided the policy is active.
• Not Covered: Fraud, criminal activity, and exclusions stated in the policy (e.g., suicide within the first two years).

• Assess Your Needs: Consider income, debts, and family obligations.
• Choose a Policy Type: Term or permanent based on your goals.
• Get a Quote: Compare rates and coverage options.
• Complete Application: May include a medical exam or online interview.
• Name Beneficiaries: Keep them updated after major life changes