Life insurance is a contract between an individual and an insurance company where the insurance company agrees to pay a designated beneficiary a sum of money upon the death of the insured person. The payout is known as the death benefit, and it is intended to provide financial security to the beneficiary, often to help with funeral expenses, living costs, or other financial commitments.

Purpose:
The main purpose is to provide financial protection to the beneficiary after the insured's passing. This will help them manage expenses and maintain their lifestyle.
Types of Life Insurance:
Term Life Insurance: Offers coverage for a specific period (e.g., 10, 20, or 30 years).
Permanent Life Insurance: Provides lifelong coverage, often with a cash value component that can be borrowed against or withdrawn.
Key Components:
Death Benefit: The amount paid to the beneficiary upon the insured's death.
Premiums: The regular payments made by the policyholder to keep the policy active. Usually paid monthly. Can be paid every 6 months or yearly.
Beneficiary: The individual(s) or entity designated by the insured to receive the death benefit.
Additional Benefits:
Some policies may offer living benefits, such as accelerated death benefits for terminal, chronic, or critical illnesses. Contact us for information on Whole Life, Indexed Universal Life, Term, Accident,& Term Life insurance.

Why do you need insurance? To replace income for your family in the event of your or your spouse's untimely death? For peace of mind? Just want burial insurance? Whatever your why is, we provide the solution, giving you what you need. Every family is different and has different insurance needs. We listen to you. Then we help you protect your family.
Contact us so we can guide you the way a "Matrialk" does.