Life Insurance

‹ Module 1: Personal Finance
1 / 5

Insurance – protection provided by a company against unexpected financial losses

Life Insurance 

  • Provides money to beneficiaries (a person who receives the funds, assets, or property) when the policyholder dies
  • Can be term (specific time) or permanent (lifetime) coverage
  • Helps replace the lost income and covers debts

Source: iStock

An unhandled error has occurred. Reload 🗙