What exactly is life insurance and how does life insurance work?
cythia asked:
What exactly is life insurance and how does life insurance work?
I don’t understand, won’t you be dead or something so what does it do for you?
What happens if it doesn’t get cashed in, what does that mean?
Sorry I don’t understand, please explain.
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berkley life insurance
Life insurance is insurance on your life. If you die the insurance company pays money to your beneficiaries. they could be family, friends, the company you work for even a charitable organization. as long as there is an insurable interest.
If you are dead the money from the insurance can pay for your funeral, your debts, mortgage, medical bills, car payments, children’s college education, your families survival if you are no longer here to provide for them, as well as pay for inheritance taxes, probate taxes (life insurance is tax free)
if you are single, no family, no responsibilities and don’t mind being buried by the state then you probably don’t need life insurance. Try this site to find the best life insurance
Here you can get quotes from different life insurance companies in your area, its the best way to find an affordable life insurance with a reliable company.
Hope this help,