Life insurance provides financial protection for your loved ones in the event of your passing. It offers a payout to beneficiaries, helping them cover expenses like mortgages, education, and daily living costs. Secure peace of mind knowing your family’s future is safeguarded.
What are the principal types of life insurance?
Term Life Insurance
Term Life Insurance is a flexible policy that provides coverage for a specific duration, ranging from 10 to 40 years. It’s ideal for temporary financial needs and can help with:
- Mortgage or Rent
- Education Funds
- Funeral Expenses
- Business Expenses
- Daily Living Costs
- Income Replacement
Permanent Life Insurance
Permanent Life Insurance offers lifetime coverage and builds cash value over time. It’s a solution for long-term financial security and savings. Key options include:
- Whole Life Insurance
- Universal Life Insurance
