Life insurance pays out a sum of money to a beneficiary or the estate of the insured person upon their death or a specific period of time. There are several options each with unique advantages and benefits: Term, permanent, mortgage and no medical life insurance are the most common.

Key Points:

• Helps leave your estate financially secure
• Can ensure debts, including mortgage debt, are not left behind
• Can leave you with a savings plan you can draw money from

For more information and tips, please read our article Life Insurance: Providing Peace of Mind for You & Your Family