Life Insurance: Types, Benefits, Common Terms, Myths, & Tips For Choosing Right Insurance

You pay regular premiums to an insurance company, and in return, they ensure a financial payout to your beneficiaries when you die. It’s like a safety net, ensuring your loved ones are financially protected even if you’re gone.

Think of it this way: your income contributes to your family’s well-being. Life insurance replaces that income if something unexpected happens. This financial cushion can help them cover expenses like mortgage payments, education costs, or daily living needs, easing the burden during a difficult time.

Read More