Life insurance provides money after death.
It supports families financially.
There are two main types of life insurance.
Term life covers a specific time period.
Whole life covers lifetime protection.
Premiums depend on age and health.
Medical exams may be required.
You choose a beneficiary.
The beneficiary receives the payout.
Life insurance covers funeral costs.
It can pay debts and mortgages.
Parents often buy life insurance.
It helps children’s future education.
Whole life builds cash value.
Term life is cheaper.
Employers may offer basic life insurance.
Extra coverage can be purchased.
Policies must be reviewed regularly.
Life changes affect coverage needs.
Life insurance provides long-term security.