WHAT IS LIFE INSURANCE?
Life insurance is form of insurance that help families protect their way of life by providing protection against unforeseen accidents. What would you do if your household breadwinner past away and you are left with Children and other financial obligations such as mortgage, daycare, bills, and more bills. Or what if you are the bread winner and you have to do such to your family.
TERM VS PERMANENT
Many people asks what is the difference between term life vs permanent life, so today we will go over those. Term life as the name refers is term based life insurance that normally has 10/20/30 years term, permanent life is as the name refers to life insurance that you can have for the duration of your life span. Biggest difference between the two is that permanent life insurance does not end until the person who owns it dies, and the premium is also does not go up as well.