In the event of your passing, life insurance provides money directly to your beneficiaries. They can use the money for whatever they want, such as:
Ø Make up for your lost income
Ø Fund your child's education
Ø Paying off household debt
Ø Paying for your funeral and other related expenses
In addition, Permanent Life Insurance offers a cash value component which can be put to good use during your lifetime
Ø Term Life Insurance
Ø Whole Life Insurance
Ø Universal Life Insurance
Ø Variable Universal Life
Ø Survivorship Life
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