This is insurance that protects individuals, or those depending on them, against financial loss as a result of injury, sickness, or death. Depending on your needs, you can choose from many different types of life insurance.
Term insurance is purchased for a set coverage period. At the end of the term, you decide whether you would like to renew it or let the coverage end.
Whole life or permanent insurance runs continuously for your whole life, and usually combines a death benefit with a savings portion. The savings portion can build a cash value, against which you can borrow funds.
Sickness or disability insurance covers your usual expenses in the event you are sick or disabled, and cannot work.
For more information on life insurance, we recommend you contact LSM Insurance.