What is life insurance?
Life insurance is a product used to replace the loss of income that occurs
when someone dies. It is a contract between you as the insured person and the life
insurance company or "carrier" that is providing the insurance. If
you die while the life insurance policy (contract) is in force, the life insurance company pays
the death benefit (or coverage amount) to the beneficiaries you have designated.
Don't short-change your family. Life insurance is not something that can be avoided.
Everybody has a story about a friend or family member who left their family in financial
ruin due to lack of adequate life insurance at the time of their untimely passing. Protect
your family now with life insurance.
Your life
insurance program should accomplish more than just replace your lost
income. Your life insurace should cover all of the new expenses that occur after
you are gone: funeral expenses, taxes, probate costs, childcare, elderly care,
etc. And what about future expenses, your life insurance should also cover all future
college expenses for your children, as well as your partner's retirement expenses.
|
|
Home
GET FREE TERM QUOTES
About Life Insurance
Term Life Insurance vs. Whole Life
Which Life Insurance Company?
Life Insurance Needs Calculator
|