What is Life Insurance?
Life Insurance is a lump sum paid out to a beneficiary or estate upon the death of a person.
A life insurance amount can be based on a number of elements such as mortgage/debt, expenses and children’s education.
Simply by paying a monthly premium you are preventing your family from continuing with their lives in the event of your passing. Mortgage repayments, education and bills can continue to be controlled with the assistance of a life insurance payout.
At the end of the day, life insurance is making sure that your family is protected in the unfortunate event of your passing.
Life insurance is piece of mind, security and protection.