Life Insurance
Life insurance
is a policy that will pay a specified sum of
money to the estate of the insured or
nominated beneficiary upon the death of the
life insured. In exchange, the insured
person agrees to make regular payments of
life insurance premiums (on a monthly or
quarterly basis) to the life insurance
company. The life insurance policy is
subject to strict limitations, exclusions,
terms and conditions and it is therefore
extremely important for you to know the
life insurance policy limitations,
exclusions, terms and conditions before you
sign the contract. You should seek advice
from a licensed insurance broker prior to
signing any life insurance policy document.
