LIFE INSURANCE IS IMPORTANT
Life insurance is a contract binding a life insurance company to
compensate a beneficiary for the death of a person insured. Life
insurance is a protection of the economic value of a human life with
regards to those who may be financially dependent upon it.
Whether you're a first time buyer or have brought life insurance
before, this section contains a wealth of information to help you
choose the best policy for you.
People choose life insurance as a source of income to family for about
15 to 20 years until their children are grown, to cover a 30 year
mortgage or to replace earnings if death occurs.
There are three types of life insurance:
1. Term Life
2. Whole Life
3. Universal Life