What is life insurance?
If the main earner in American families dies, 70% of those families will use up their funds within months.
Life insurance is a promise that if something happens to you, your loved ones won't have to worry about paying big bills or debts. It's a way to leave money to your loved ones if you pass away. It's an agreement between you and a life insurance company where you pay them and they provide you with coverage. Think of it like a subscription.
Terms to know:
What type of life insurance is right for me?
Permanent and term life insurance are the two main types of individual life insurance. When choosing between the two, consider how long you want coverage, the purpose of the coverage, and how much you want to pay. Here’s a brief overview of each to help you decide which one may be the best fit for you and your family.