09/04/2024
LIFE INSURANCE AWARENESS MONTH:
5 things you should know!
Life insurance provides five financial benefits for you and your family. The main benefit of adding life insurance to your financial plan is that if you pass away, your heirs receive a lump sum, tax-free payout from the policy. They can use this money to pay your final expenses and to replace your income. Life insurance can also benefit you while you're still alive. Some policies pay out if you develop a chronic/terminal illness and some provide savings you can use to support your retirement.