Life Insurance

Life insurance is a financial safety net designed to protect your loved ones and help build long-term wealth. In the event of your passing, it provides a tax-free payout to your beneficiaries, helping them cover expenses like mortgage payments, education costs, and daily living needs. Some policies also offer savings and investment features that grow over time, giving you added financial security for your retirement years.

Types of Life Insurance

• Term Life Insurance: Affordable, temporary coverage for 10, 20, or 30 years and pays a death benefit to the beneficiary if the insured dies during that period. It has no cash value and is considered “pure protection.”

• Whole Life Insurance: Permanent coverage that lasts your a life time. |t features guaranteed cash value growth and fixed premiums. It can be used for estate planning, legacy building, or borrowing against the policy.

• Universal Life Insurance: Flexible coverage with adjustable premiums and death benefits. It includes a cash value component that can grow based on interest or market performance. Its great for long-term planning with investment potential.