LIFE INSURANCE
Life Insurance is the Insurance that pays out a sum of money either on the death of the insured person or after a set period
What is life insurance?
Life policies can be paid in a lump sum or in several installments; the amount of money you pay to your insurance company is called a premium. When you buy a policy you provide a measure of financial security to your beneficiaries (family, loved ones) so that upon death they will be able to meet financial responsibilities previously covered by your income.
Who needs life insurance and how much?
When do you need insurance?
When you have significant moments in your life
such as:
- Marriage
- Birth of a child
- Becoming a homeowner
- Changing jobs
- Retirement
- ect
