What is Life Insurance?
Life insurance is a contract between you and an insurer. The insurer agrees to pay your estate a sum of money after death. Depending on the policy, other events like terminal illness or critical illness can also initiate payment. You the policy holder will typically pays weekly or monthly payments for this form of cover.
Why use Life Insurance?
Life Insurance is very useful to the beneficiaries of your estate. This payment can help to clear all debts, or leave money to support family members after your passing.