Secure Your Legacy, Ensure Your Loved Ones

Coverage: Life insurance provides a death benefit, which is the amount paid to beneficiaries upon the policyholder's death. The policy can be term life insurance or whole life insurance.

Premiums: Policyholders pay regular premiums, which can be monthly, quarterly, or annually, to keep the policy in force.

Policy Term: Term life insurance policies have a specific term, often 10, 20, or 30 years, while whole life insurance provides lifetime coverage.

Death Benefit: The death benefit is paid to the beneficiaries tax-free in most cases and can be used for various purposes, such as covering funeral expenses, replacing lost income, or paying off debts.

Cash Value (Whole Life): Whole life insurance policies have a cash value component that grows over time and can be accessed by the policyholder through withdrawals or loans.

Riders: Policyholders can often add optional riders to their life insurance policies, such as accidental death, critical illness, or disability riders, to enhance coverage.

Underwriting: Life insurance typically involves a medical examination, questionnaire, or health assessment to determine the policyholder's risk and premium rate.

Financial Protection: Life insurance provides financial security to the policyholder's beneficiaries in case of their untimely death.

Estate Planning: It can help with estate planning by covering estate taxes, ensuring a smooth transfer of assets, and providing inheritance for heirs.

Debt Payoff: Life insurance can be used to pay off outstanding debts, such as mortgages, loans, or credit card balances, preventing the burden from falling on the family.

Income Replacement: It replaces the lost income of the deceased, helping survivors maintain their standard of living.

Funeral Expenses: Life insurance can cover funeral and burial expenses, relieving the financial burden on the family.

Legacy and Charitable Giving: Policyholders can name beneficiaries, including charities, to leave a legacy or make charitable contributions upon their death.