Life Insurance :

Life insurance is a financial safety net that provides a lump-sum payment to your beneficiaries when you pass away, helping them cover expenses and maintain financial stability.

• Replace lost income, Pay off debts (mortgage, loans),Cover funeral and final expenses, Fund education or future goals, Leave a legacy or charitable gift.

Types of Life Insurance

1. Term Life Insurance

2. Permanent Life Insurance

Types:

• Whole Life : Fixed premiums and guaranteed cash value
• Universal Life : Flexible premiums and death benefits
• Variable Life : Invests cash value in subaccounts (market risk involved)
• Includes cash value : Grows tax-deferred and can be borrowed against