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What is Life Insurance?

Life insurance is a way to help protect your loved ones financially if something happens to you.

It comes in different forms, but the main idea is to ease the financial burden on your family and give them peace of mind during a difficult time. Here’s how it generally works:

  • You pay regular premiums over a set period.
  • If you pass away during that time, your insurer provides a tax-free lump sum to your loved ones.

This payout can help cover things like paying off a mortgage, settling debts, or taking care of day-to-day living expenses, offering your family the security they need.

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