| Life Insurance will provide a lump sum payment
equal to the policy limit upon the death of the person whose
life is insured. Payment of the life insurance proceeds is made
to the policy beneficiary. The beneficiary of the life insurance
policy may be the spouse, children, employer or estate of the
insured person, or some other designated person or organization.
Life insurance proceeds can be used to pay funeral expenses,
pay off outstanding mortgages, provide for surviving family
members, pay estate taxes, provide a donation to a favourite
charity, or a number of other uses. The type of life insurance
policy limit which you select will depend on the reason why
you are buying the life insurance.
There are several different types of life insurance policies.
You should consult a professional life insurance agent to
select the policy which best meets your needs. To receive
a life insurance quotation or to be contacted by one of our
life insurance professionals, click on the OnLine Quote button
on the top.
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