Life Coverage:
Life Insurance requires you to make regular payments (premiums) to an insurance company while you are alive. In return, the insurance company will pay out money in the event you die to cover expenses you leave behind. This gets paid out to your beneficiaries to make sure they are taken care of after you go. This can help your loved ones pay off a mortgage and/or children expenses.
It is very important for anyone with dependents to have life insurance. This builds a financial safety net for those left behind and allows them to grieve without any additional stress.
Recommended Insured Parties:
- Families
- New parents
- Stay-at-home parents
- Business owners
- Young Adults
- Adults over the age of 60
It can’t hurt to get a life insurance policy at a young age. This is when premiums are the cheapest and can help you lock the best rate.