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 covering debts?
In the event of your passing, life insurance can pay off mortgages, loans, and other debts, relieving your family of financial burdens.
Are there different types of life insurance?
Yes, there are several types, including term life, whole life, and universal life insurance, each with unique features.
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 should I consider when choosing a policy?
Consider your financial goals, coverage amount, premium costs, and the insurer's reputation.
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