Life Insurance transfers the financial risk of life's events to an insurance company and provide benefits in order to meet financial obligations and ongoing living expenses. A sound strategy can help protect your family from the financial consequences of out-of-pocket payments for unfortunate events like accidents and illnesses.
There are many types of life insurance. Term insurance provides a death benefit for a limited period of time. By contrast permanent insurance can provide a death benefit and the potential to build policy cash value that you can access during your lifetime using policy loans and withdrawals.
Types of life insurance:
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