What is Life Insurance?

Life insurance is a financial safety net that protects your and your loved ones’ future against unexpected risks. Simply put, it ensures that a predetermined sum of money is paid out to your beneficiaries or legal heirs in the event of your passing or other specified risks outlined in the policy.

So, why should you get life insurance?

• Secures Your Family’s Future: It is a vital support system that helps your family maintain their lifestyle, covers your children’s education expenses, and settles existing debts (like a mortgage) in your absence.
• Protection Against Financial Hardships: A life insurance policy can also cover severe illnesses or permanent disabilities. This helps ease your family’s financial burden if you are unable to work.
• Savings and Investment Opportunity: Some types of life insurance allow a portion of your premiums to accumulate as savings, providing you with an additional source of income or retirement support in the long run.