Union Make Force Agency

A life insurance policy is a contract with an insurance company. In exchange for premium payments, the insurer provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death.

There are two main types of life insurance: term life insurance and whole life insurance. Term life insurance covers a specific period of time, while whole life insurance is permanent and does not expire.

Most people purchase life insurance to protect their loved ones in the event of their death. The death benefit can be used to help cover expenses such as funeral costs, outstanding debts, or everyday living expenses.

When considering life insurance, it's important to understand your needs and choose a policy that's right for you. If you're not sure where to start, you can speak with a financial advisor to get started.