Save up to 70% off Life Insurance!

Male Female

Save up to 70%

off Life Insurance!

Male Female

What is Life Insurance?

Life insurance is insurance on your life, with a benefit to be paid upon your death. There are multiple types of life insurance, including term life, universal life, and whole life. The type of insurance policy needed varies according individual factors, including age, health, budget, etc.

The agreement for life insurance between an insurance company and a consumer is known as an insurance policy. Within the policy, a beneficiary will be named. The beneficiary is the person or organization who will receive the insurance payout upon your death. The beneficiary is chosen by the policy holder.

The Purpose of Life Insurance

The chief purpose of life insurance in most circumstances is to provide for family members or other dependents after your death. For example, a married man with adequate life insurance will have assured that his policy includes funds for things such as paying off a home, sending children to college, and covering everyday expenses.