Life
Financially protect your loved ones in case of an unexpected demise.
Life insurance provides a financial safety net for your named beneficiaries in the event of your death. They will receive the death benefit, which can help replace lost income and provide financial support.
Whole life insurance or variable life insurance policies can be used as a means to save for your child’s college expenses. These policies can accrue cash value over time, and you can take a loan against the policy’s value to pay for college costs.
Some people use life insurance as a financial tool due to the cash value aspect of whole life or variable life insurance. The cash value grows over time, and you can borrow against it, similar to a home equity line of credit, making it a potential investment option.
Life insurance offers peace of mind, knowing that your loved ones will be financially protected in the event of your passing. It can provide comfort and security, especially for the head of the household or primary financial provider.
Life insurance can be used as “Mortgage Protection” to pay off your mortgage through the death benefit. This ensures that your family won’t face financial struggles to cover the mortgage if something happens to you.
Life insurance can be used to cover final expenses, such as funeral or memorial service costs, embalming, casket, or cremation. This helps ease the financial burden on your loved ones during a difficult time.
