How does life insurance work?
Although it’s so tough to think about, life insurance can protect your family financially in the case of your death. This level of protection
is extremely powerful and often gives loved ones peace of mind in regard to finances.
The right policy will ensure that your loved ones will not have to struggle in uncomfortable financial circumstances
while they handle your affairs. It also allows loved ones to continue living as normally as possible.
How it works: Policyholders pay a regular premium, and in the event of their death, the death benefit will be paid to the beneficiaries on the policy.
The two primary types of life insurance are Term Life and Whole Life Insurance.