Life Insurance 101: What is Life Insurance?

Life insurance is a financial product that protects your family after your death by paying the value of your policy.

When you buy life insurance, you purchase a policy and pay premiums every month to keep it up-to-date. If you die while you have active life insurance, your family or a nominated person receive the payout or death benefit.

What is life insurance and is it right for you? Keep reading for a quick introduction.

Leave a Reply

Your email address will not be published. Required fields are marked *