Life Insurance is an important part of an individual's financial plan. The untimely passing of an individual can have drastic affects on a family financially. Life insurance can relieve you of this financial worry.
Upon the death of the insured, the beneficiaries will be able to use the death benefit to pay for things such as funeral expenses, mortgage payments, college funds, or to supplement the loss of income.
The chart below explains the 3 of the most common types of Life Insurance