Life Insurance Plan
Life Insurance
Life insurance is a type of insurance policy that pays out a lump sum of money upon the death of the insured person. The money is intended to help the beneficiary (usually a family member) with financial costs associated with the death, such as funeral costs, outstanding debts, and other costs. There are two main types of life insurance: term and permanent. Term life insurance provides coverage for a set period of time, while permanent life insurance provides coverage for the insured’s entire lifetime. Life insurance is an important part of financial planning and can provide much needed financial security for those who are dependent on the insured’s income.
Life Insurance is financial protection for your family in case of your death. You can also use it to build savings for yourself, if you outlive the policy term. In certain types of policies, there is an option to get critical illness benefits or create additional protection for your family if you pass away from an accident.
Life insurance is a payment made to your family in case of your death during the policy term or a payment made to you on surviving the policy term. In return for this payment, you make periodic fixed payments to the life insurance company.
An endowment policy is a type of life insurance policy which is designed to pay out a lump sum after a specified period of time, or upon the death of the policy holder. The policy holder pays premiums during the term of the policy and, if they survive until the end of the term, they receive a payout determined by the policy.
Term insurance is a type of life insurance policy that provides a death benefit for a designated period of time. If the insured dies during the term, the beneficiary will receive the death benefit. Term insurance usually does not accumulate cash value and premiums are lower than those of permanent insurance.
A money back insurance policy is a type of life insurance policy that pays out a portion of the policy's death benefit to the policyholder at specific intervals. The policyholder can receive a percentage of the death benefit at different intervals, such as at the end of the policy term, after a certain number of years or when they reach a specific age. This type of policy is designed to provide the policyholder with a source of income during their lifetime, and provide them with a lump sum of money when they pass away.
Whole life insurance is a type of life insurance that provides coverage for an insured person's entire life. Unlike term life insurance, which only provides coverage for a specific period of time, whole life insurance provides a death benefit that is guaranteed for the insured's entire life. The policy also typically includes a savings component, which allows the insured to accumulate a cash value over time. This cash value is accessible to the insured through policy loans, as well as during their lifetime as a retirement income or lump-sum payment. Whole life insurance is also known as permanent life insurance.
Financial Protection
Tax Benefits
Secure & Safe your family
Retirement Planning
