What are the benefits of life insurance?
Life insurance provides financial security for your loved ones, covers debts, and can serve as an investment.
How does it help in financial planning?
It helps ensure that your family can maintain their lifestyle and cover expenses in case of your untimely death.
Are there different types of life insurance?
Yes, there are term life, whole life, and universal life insurance, each with different features and benefits.
Can I use life insurance as an investment?
Yes, some policies, like whole life, build cash value over time, which you can borrow against or withdraw.
What factors should I consider when choosing a policy?
Consider your financial goals, the coverage amount needed, your budget, and the policy's terms and conditions.
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