The ultimate guide to life insurance
Life insurance is one of the most vital pieces of your family’s long-term financial plan. It is a contract between an insurance company and a policyholder. In exchange for premium payments, the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured’s death. The policyholder typically pays a premium, either regularly or as one lump sum. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. Other expenses, such as funeral expenses, can also be included in the benefits. Choosing the best life insurance isn’t as simple… Continue reading