Life Insurance

Life insurance can be defined as a contract between an insurance policy holder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium, upon the death of an insured person or after a set period. Life insurance is important, as it protects your family and lets you leave them a non-taxable amount at the time of death. This insurance will also replace your family income when resources are less so they can maintain their quality of life.