Life insurance pays out upon your death; or, if you are diagnosed with a terminal illness, you may choose to have your benefit paid out early so you can spend quality time with loved ones.
An unexpected death can have a devastating effect on those left behind. Life insurance can continue to provide financial support for those loved ones left behind:
- Loss of future income
- Clear debts
- Mortgage repayments
- Living and household expenses
- Children’s education
- Funeral and last-minute expenses