Life insurance is a cornerstone of financial planning, offering a payout to your loved ones if you pass away. It ensures they can maintain their lifestyle—covering debts, daily expenses, or future goals like education—without your income. For many, it’s the difference between stability and struggle after a loss.
There are two main types: term life, which covers a set period (e.g., 20 years), and permanent life, which lasts a lifetime and builds cash value. Term is affordable for temporary needs; permanent suits long-term security. It’s not just for breadwinners—anyone with dependents or shared debts benefits.
Starting early locks in lower rates and protects against future health issues. Life insurance isn’t an expense—it’s a proactive step to secure your family’s financial future, no matter what happens.