Different Types of Plans

Life insurance is a protection against financial loss that would result from the premature death of an insured. The named beneficiary receives the proceeds and is thereby safeguarded from the financial impact of the death of the insured. The death benefit is paid by a life insurer in consideration for payments made by the insured.

FACT #1: Over one third of all households in America said they would feel the unfortunate financial effects within 1 month if the household’s main breadwinner were to die.