Category Life Insurance

Life insurance is a contract between an individual and an insurance company, in which the insurer agrees to pay out a death benefit to designated beneficiaries in exchange for payment of premiums. It helps to provide financial security for loved ones in the event of the policyholder’s death.

 

Is It Ok To Have 2 Life Insurance Policies?

is it ok to have 2 life insurance policies

Yes, It’s okay to have multiple life insurance policies. Although one may suffice for certain individuals, having several policies can prove advantageous in certain circumstances. For instance, individuals with substantial debt or sizeable families reliant on their income can benefit…