Family life insurance provides financial protection for your loved ones in case of death. It typically covers:
- Death Benefit: A lump sum paid to beneficiaries to cover living expenses, debts, or funeral costs.
- Income Replacement: Helps maintain the family’s financial stability after the policyholder's passing.
- Final Expenses: Covers funeral, burial, and medical bills.
- Debt Protection: Can help pay off mortgages, loans, or other outstanding debts.
- Children’s Coverage: Some policies include riders for children's life insurance.
Family life insurance ensures financial security and peace of mind for your loved ones.