Overview On Life Insurance
What is Life Insurance？
Life insurance is a contract between the insurer and the insured, and the insurer guarantees to pay the death benefit to the designated beneficiary when the insured dies. The insurance company promises to use the death insurance premium as a condition for the insured to pay the insurance premium.
The Importance of Life Insurance
Life insurance is one of the most important decisions you can make. It can bring financial security and peace of mind to you and your loved ones. If you die young, how will your mortgage or debt be repaid? What can replace the much-needed income? How can your child go to college? Buying life insurance can solve these lingering problems and eliminate them. Even if you live a healthy lifestyle, life insurance is an important part of your retirement plan.