Life insurance acts as a financial safety net for your dear ones once you pass away. If you’re purchasing a plan for the first time, term life is one option to consider. It provides coverage for a fixed duration, such as 10-30 years. You could also select a whole life policy for lifelong protection provided you keep paying regular premiums.
Life insurance premiums differ from person to person. No two people have the same health condition, occupation, habits, and personal characteristics. Because of each person’s unique circumstances, policies must be evaluated on an individual basis. Your insurance will ask you many questions that will give them insight into many different areas of your life. When they have a clear idea