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Why LIfe insurance?
Life insurance offers peace of mind, knowing that your loved ones will be financially secure in case something happens to you. It can cover various needs, including debt repayment, funeral expenses, and income replacement, making it a critical part of any comprehensive financial plan.
TYPES OF LIFE INSURANCE
TERM
Term life insurance is generally less expensive than whole life insurance because it only provides coverage for a specific period and does not include an investment component.
WHOLE LIFE
Whole life insurance is a type of permanent life insurance that provides coverage for the insured’s entire life, as long as premiums are paid. whole life insurance remains in force indefinitely.
UNIVERSAL LIFE
Universal life insurance is a type of permanent life insurance that offers both a death benefit and a savings component. The policyholder can adjust their premiums and death benefits within certain limits.