Understanding Life Insurance: A Comprehensive Guide Life insurance is a contract between an individual (the policyholder) and an insurance company. In exchange for regular premium payments, the insurance company promises to pay a sum of money, known as a death benefit, to designated b

Permanent Life Insurance and Term Life Insurance Life insurance policies are broadly categorized into two main types: Term life insurance and Permanent life insurance. While both provide a financial safety net for your loved ones, they differ significantly in their structure, duration