Will provide financial piece of mind to your loved ones in the case of your demise. |
There is two general types of life insurance.
Term (Temporary Life Insurance)
This type of Life Insurance policy is in force for a specific period and only pays if you die during that term. Term insurance is good for covering a short term responsibility that will diminish or end over time ie, car loans, mortgage insurance.
Permanent
This is a lifelong policy and the death benefit will always be there, as long as you continue making payments. |