Invest in your future and that of your loved ones
By purchasing life insurance, it will protect and provide coverage
for your family and loved ones by giving them a tax-free payment after you pass away.
This way, your benefactors will be able to maintain their current standard of
living once your gone.. The cost of life insurance you purchase as an individual
also depends on your age, gender, health, medical history and lifestyle.
Meanwhile, below are the types of life insurance available:
Participating Life Insurance
This type of life insurance is a type of permanent whole life insurance coverage that can be eligible to receive a sum of money. This can be used to buy more coverage, reduce your annual premium cost or earn interest inside your plan. However, it should be noted that dividends are not always guaranteed.
Permanent Life Insurance
This type of life insurance provides coverage for your whole life and depending on the type of permanent life insurance you buy, it can also build cash value over time. In fact, some permanent life insurance policies let you pay for a limited time and then you don’t have to pay any more.
Term Life Insurance
This type of life insurance provides a fixed amount of insurance for a specific period of time. A term life insurance policy provides temporary protection, which can be customized to meet your changing needs.
Universal Life Insurance
This type of life insurance is a more flexible type of permanent life insurance plan that combines protection and savings. A guaranteed death benefit will be chosen for your beneficiaries, which means that the payments you make above the cost of insurance can grow in a tax-preferred savings account or can be used to increase the amount of your death benefit.