Page Title

Life insurance is a contract between an individual (the policyholder) and an insurance company. In exchange for regular premium payments, the insurance company agrees to provide a lump-sum payment, known as the death benefit, to the designated beneficiaries upon the death of the insured person. This financial protection is designed to provide financial security to the beneficiaries in the event of the insured person's death, helping to cover expenses such as funeral costs, mortgage payments, debt repayment, and ongoing living expenses. There are various types of life insurance policies, including term life insurance, whole life insurance, universal life insurance, and variable life insurance, each offering different features and benefits to meet the diverse needs of policyholders.