If you avoid thinking about life insurance, you’re not alone. It can be an overwhelming and complex process, and really puts your life into perspective. But how will your family cope if you are seriously injured or deceased? Don’t wait until it’s too late.
Life insurance pays out a sum of money either on death or incapacitation of the insured person or after a set and/or agreed period of time. The policyholder pays the premium and the insurer promises to pay a designated beneficiary a sum of money upon the occurrence of an insured event.