Frequently Asked Questions

Life Insurance

Life Insurance is an insurance product that provides a lump sum of tax-free money in the event that the "insured" dies. 

Life Insurance premiums vary by person. An 18-year-old would pay less for life insurance than a 70-year-old. Some of the factors that determine your life insurance premium are; 

  • age 
  • sex 
  • prior health history  
  • occupation 
  • length of policy (term is cheaper than permanent) 
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