Life insurance can protect the financial security of the people you love by giving them a tax-free payment after you die. The amount and type of coverage you choose will depend on your circumstances and needs.
While you may have basic life insurance through work, it may not be enough to meet your needs, and your coverage typically ends when you leave your job. The cost of life insurance you buy as an individual depends on your age, gender, health, medical history and lifestyle.
There are different kinds of life insurances available, such as Term Life Insurance, Permanent Life Insurance, Whole Life Insurance, and Universal Life Insurance. Speak to your financial planner to determine what is best for you and is affordable also.