What is Life Insurance ?

A life insurance policy offers financial support to the dependents and beneficiaries of the person . In addition , it provides a measure of financial security to your beneficiaries (family, loved ones) so that upon death they will be able to meet financial responsibilities that were previously covered by your income.
Payouts on policies can be paid in a lump sum r in several installments . The amount of money you pay to your company is called a premium.