WHAT IS LIFE INSURANCE?
Life insurance helps protect beneficiaries and offers peace of mind by financially protecting families and businesses if you should die prematurely. There are many kinds of life insurance policies, including term life, universal life, and whole life. You should consider life insurance to be an essential part of an overall financial planning strategy.
Life insurance can help protect a family’s financial well-being. It can provide the ability to fulfill financial goals like maintaining a current standard of living or funding children’s educations. It can also provide the funds so a spouse or partner(s)‘s can pay off their mortgage, other loan debts, final expenses or their estate taxes. It can also help continue a charitable legacy by providing funds to their favorite organizations.
Life insurance can help prevent financial disorder by funding buy/sell agreements, key person insurance, and other key employee benefits.