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What is Life Insurance?
Life insurance is a financial product that provides a safety net for your loved ones by offering a payout, known as a death benefit, in the event of your passing. It’s designed to protect your family from the financial impact of your loss, covering expenses such as living costs, outstanding debts, education, and other financial needs.
Why do we need life insurance?
Life insurance is a crucial financial tool designed to provide protection and security for those who depend on you financially. Its primary purpose is to offer a safety net for your loved ones by ensuring that, in the event of your passing, they will receive a financial payout to help them maintain their lifestyle and meet ongoing financial obligations.
LIFE INSURANCE POLICY PROVIDED BY COMPANIES
