Term life insurance can guarantee financial protection for your family over a specific time period, such as 10 to 30 years. If you purchase term life insurance and pass away before the term comes to an end, your beneficiaries may collect the death benefit. Compared to other types of life policies, term life insurance often comes with reasonable premiums, but it doesn't last forever.
Whole life insurance can provide insurance for your entire life as long as you pay all your premiums. Generally, it includes a death benefit and cash value, which accrues interest at a fixed rate. Your beneficiaries can claim the death benefit upon your passing.
Your home may be one of the biggest investments you’ll ever make, and your family probably depends on your income to help make the mortgage payments. So in the event of your death, your loved ones might struggle to keep the home. You can help prevent that from happening. Take an important step now to help protect your home and family with a Mortgage Protection Insurance policy
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