What is life insurance?
A life insurance policy is a legal contract between you and the insurance company. This contract spells out:
• The rights and duties of you and the company
• How much and how often you pay
• The benefits you are entitled to receive
• The circumstances under which the policy will pay benefits
The best insurance policy is the one that best fits your needs. However, what is best for you right now, may not suit your situation 0 years from now. This means you should review your coverage regularly, even on an annual basis to make sure your coverage is current.
