Why Every Brooklyn Family Needs Term Life Insurance
What is term life insurance?
Term life insurance is when one pays a premium for a period of time, between 10 and 30 years, and if you die during that time a cash benefit is paid to your family.
Types of life insurance:
Term life insurance. Policies last for a specific number of years. If you don’t die within the time frame specified in your policy, it expires with no payout.
Permanent life insurance. Policies last your entire life and usually include a cash value component, that you can withdraw or borrow against while you’re still alive.
Why do Brooklyn families need it?
Brooklyn families need term life insurance to secure their family’s financial future when something unexpected occurs. It can also handle major debt and replace the income for the passing of the family member.