What is life insurance: Lifeinsurancecan serve as financial protection

Lifeinsurancecan serve as financial protection for your loved ones who would lose your income in the event of your death. The two main types oflifeinsuranceare termlifeand permanentlifeinsurancepolicies. Aug 12, 2025 ·What is life insurance?Lifeinsuranceis a financial contract between the insurer (theinsurancecompany) and you (the insured policyholder). You make regular payments, known aslifeinsurancepremiums, to theinsurancecompany to maintain the policy's active status. Sep 23, 2025 ·How DoesLifeInsuranceWork? When a person buys alifeinsurancepolicy they are the policyholder and responsible for paying premiums to keep thelifeinsurancecoverage in force. Oct 31, 2025 ·Alifeinsurancepolicy pays a sum of money to your loved ones when you die. Learn how to choose the right policy for your needs.