A contract where you pay regular premiums to an insurer, and in return, they pay a tax-free amount to your beneficiaries when you die. It’s designed to help cover expenses and replace lost income for the people you leave behind.
A contract where you pay regular premiums to an insurer, and in return, they pay a tax-free amount to your beneficiaries when you die. It’s designed to help cover expenses and replace lost income for the people you leave behind.