Life Insurance
Life Insurance
This is a type of insurance that pays out a sum of money after the death of the Insured or a benefit on a specified date. The main purpose of life insurance is:
• Make up for loss of earnings if an insured person is unable to ever work again.
• Pay for urgent medical expenses to save the life of an insured person if that is needed.
• Meet an insured person’s debts and other financial commitments in the event of death.