Life insurance provides financial assistance to your beneficiaries in the event of your death. It can help secure the future of your children since it can cover their college expenses. The insurance policy also gives you peace of mind since it can shoulder your funeral arrangements and other costs. Hence, your beneficiaries will not be financially burdened by your death.
A lot of people are considering life insurance due to the current health crisis. Thus, it is crucial to talk about some of the factors that can affect your life insurance cost.