Navigating through all the available information can be overwhelming if you’re new to life insurance. Discover the fundamentals and the information you require to make an informed decision.
Life insurance is a way to provide financial protection for your loved ones in their most vulnerable moments.A life insurance policy ensures that if you die while your policy is active, your loved ones will receive a lump-sum payout, known as a death benefit.
The death benefit can be used to cover things like mortgage or rent payments, education costs, funeral arrangements, and more.
Every life insurance policy is made up of these four components:
What type of life insurance is right?
Permanent and term life insurance are the two main types of individual life insurance being offered at Soflo Financial.
We guide you when choosing between the two, considering how long you want coverage, the purpose of the coverage, and how much you want to pay by providing an overview of each to help you decide which one may be the best fit for you and your family.