It’s a contract where an insurance company agrees to pay an amount after the death of an insured party. Policies provide to insured people the guarantee that their loved ones will get peace of mind and financial protection after their death.
A life insurance policy can also be used to cover final expenses like funeral fees, but it can also help your loved ones finance future expenses, from college tuition to mortgage payments. If you are the main earner in your household, this type of financial support can help your family.
