A life insurance is an insurance product that covers and protects you and your loved ones when you are no longer there to provide for them.
In its simplest form, life insurance is a promise between an insurance company and you, the policy owner. If you pay a certain amount of money (premium) to the insurance company, the insurance company will pay a certain amount of money (death benefit) to the person (beneficiary) you tell us to when the person whose life is being insured dies.
There are many types of life insurance. Term insurance only provides a death benefit for a limited period of time. By contrast permanent insurance can provide a death benefit and the potential to build policy cash value that you can access during your lifetime using policy loans and withdrawals. Permanent insurance can also offer the flexibility to increase or decrease your death benefit as your needs change, as well as the potential to reduce or skip premium payments.
TYPES OF PERMANENT LIFE INSURANCE:
– WHOLE LIFE INSURANCE
– UNIVERSAL LIFE INSURANCE
– INDEXED UNIVERSAL LIFE INSURANCE
– VARIABLE UNIVERSAL LIFE INSURANCE
– TERM INSURANCE
Curiman Brokers Group is here to guide you. Once you have the right cover for your loved ones, you will be happy knowing that the future of your loved ones is secure, even when you are no longer there.