Life insurance is a financial protection plan that provides a payout to designated beneficiaries upon the policyholder's death. In exchange for regular premium payments, life insurance ensures that loved ones are financially supported, covering expenses like income replacement, debts, funeral costs, and future needs. It offers peace of mind by creating a financial safety net that helps maintain stability and security for those left behind.

• Term Life Insurance: Provides coverage for a specified period (e.g., 10, 20, or 30 years) and pays a death benefit if the policyholder passes away within that term. It’s often more affordable and straightforward.

• Whole Life Insurance: A type of permanent life insurance that covers you for your entire life as long as premiums are paid. It includes a cash value component that grows over time, which you can borrow against or use as savings.

• Universal Life Insurance: Also a form of permanent insurance, but with flexible premiums and adjustable death benefits. It includes a cash value component that earns interest, allowing policyholders some flexibility in managing their coverage.

• Variable Life Insurance: Combines a death benefit with investment options, allowing the cash value to grow based on market performance. This option carries higher risk due to its investment component but offers the potential for greater cash value growth.