Death is a tragic event, especially when it involves a loved one. Life Insurance is a contract that takes effect between the policy holder and the insurer. Life insurance is very important , not because it helps with funeral expenses and other expenses, but because if you have children they depend on you.
Life Insurance Categories
A life insurance policy is broken down into two categories protection policies and Investment policies.
- Protection Policies – designed to provide a benefit in the event of specified event, usually a lump sum payment. Typically, this category is known also as term insurance.
- Investment Policies – this is designed to facilitate the growth of capital by regular or single premiums. Also, this is typically known as whole life, variable life, and universal life policies.
Insurance, in general, is for the unexpected. We can help you be protected for the unexpected. With over 20 different life insurance companies, we can help you have better coverage for less money. Most importantly, our specialize agents will advice you and answer any questions that you may have.