Life Insurance

Life Insurance is the most important type of insurance for your family, especially if you have a loved one who has a serious illness or accident. Life Insurance protects your life, your loved ones, and the financial future of your entire family.

The funds are available for any purpose by your beneficiaries. If something happens to you, your family will still be able to live in their current home and cover the costs you had planned for. This way, they'll be able to stay safe and comfortable.

There are two types of life insurance: permanent life insurance, which provides lifetime coverage, and term life insurance, which provides protection for a set period of time.

It covers a wide range of causes of death, including those from diseases, accidents, and homicide. However, suicide is not covered by life insurance. This means that if you take your own life within the first 2 years after buying the policy, your loved ones will not be able to get any money from your policy.

If someone dies within the first few years after buying life insurance, the company might not be able to pay out the benefits because there may be a possibility of said person falsifying information. For example, if someone says they're healthy when they're not, the insurance company might not pay out the benefits.

If someone is killed as a result of a life insurance policy, the insurance company can deny the claim if the killer is the beneficiary. Also if someone may disputes that the policyholder was pressured into changing their beneficiary.