Understanding how life insurance works is the first step in making an educated choice for you and your family.
Life Insurance, it's not for you-it's for them.
Let's start with the basics, what is life insurance? Similar to other types of insurance you may already have, life insurance is a contract between yourself and an insurance company. As long as your premiums are paid, the insurance company will provide a sum of money (called a death benefit) to your named beneficiaries in the event of your death.