What is life insurance?

Life insurance provides financial security in the form of income replacement from the coverages of the policy. A policyowner and their loved ones can use the living and death benefits of the insurance policy to fund specific expenses or causes.

Most insured people purchased life insurance to cover their end-of-life expenses, provide income replacement to a dependent, contribute to a charity after death, or to fund foreseen small to large expenses in the present and future such as an education, vehicle, home, business, or estate.

Whether you plan to purchase or have purchased life insurancee to benefit yourself or a loved one, there are plenty of reasons why making the decision will provide long-lasting rewards.

© 2020 BROADNAX LLC

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