An important part of a sound financial plan, life insurance provides a valuable death benefit to your beneficiaries upon your death. Your beneficiaries can then use this money to replace some of the income you would have earned or to help pay off debts or other expenses.
The two types of life insurance are term and permanent. The one that’s right for you depends on many factors, including your budget, the amount of coverage you need, and the length of time you’d like the coverage to last.
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