Life Insurance
Life insurance is a contract between an insurance company and a policyholder. In exchange for a premium, the life insurance company agrees to pay a sum of money to one or more named beneficiaries upon the death of the policyholder. The purpose of life insurance is to help provide financial security to your loved ones upon your death.
What protection needs does life insurance meet?
- Protect the lifestyle of your children, spouse or dependents in case of death
- Accumulate funds for education or retirement
- Gain flexibility to fund unexpected events, like critical illness or nursing home care
Final Expense
Final expense insurance, also referred to as burial insurance, covers end-of-life expenses including funeral arrangements and any remaining medical or legal expenses that will need to be settled by your beneficiary.
