Life Insurance Reviews

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Life Insurance

Life Insurance Overview

Life insurance is a policy contract between the insurance company and the insured.
The policy pays a sum of money to the beneficiary (usually the family) of the insured in the event of death.

There are mainly 2 categories of life insurance policies:

Protection policies - the main purpose of these policies is to provide financial protection to the beneficiaries of the policy holder in case of death.

Investment policies – the main purpose of these policies is to provide capital growth by defined and regular contributions as well as the reinvestment of earnings generated by these contributions.

Life insurance policies are generally divided into 3 main types; Term life, Whole life, and Universal life.

Learn more about life insurance

Term Life insurance
Whole Life insurance
Universal life insurance