Permanent Life Insurance

Protect Your Family
What is Permanent Life Insurance? Permanent life insurance is a contract between the policy owner and the insurer where the insurer agrees to pay a lump sum of money at the time of the insured`s death. In return, the policy owner agrees to pay a stipulated amount called a premium at regular intervals or in lump sums. In other words, with most insurance policies, life insurance is a contract where a benefit is paid to the designated beneficiary if an insured event occurs which is covered by the policy. The value of permanent life insurance is the 'peace of mind' experience created for the policyholder by reducing the financial consequences caused by the death of the life insured. A proper life insurance policy can mean the difference between leaving your loved ones protected financially and leaving them to cope with debts and an insufficient income. Life insurance can help create financial security for you and your family. If you should die prematurely, it can be used to: • Pay final expenses and any debts; • Provide an income for your family;