A Comprehensive Guide to Life Insurance: Types, Factors, and Considerations

A Comprehensive Guide to Life Insurance: Types, Factors, and Considerations

Understanding Life Insurance Life insurance is a crucial financial tool that provides financial protection for your loved ones in the event of your death. It offers a lump sum payment, known as the death benefit, to your beneficiaries to help them cover expenses such as funeral costs, mortgage payments, and daily living expenses. However, choosing…