## What is Life Insurance?

Life insurance is a contract between an individual and an insurance company, where the insurer agrees to pay a designated beneficiary a sum of money upon the death of the insured person…

## Main Types of Life Insurance

### 1. Term Life Insurance
Covers the insured for a specific time period (e.g., 10, 20, or 30 years)…

### 2. Whole Life Insurance
Provides coverage for the entire life of the insured and includes a savings component…

### 3. Universal Life Insurance
Offers flexible premiums and death benefits with investment features…

## Why Americans Choose Life Insurance

– Income replacement for dependents
– Paying off debts
– Covering funeral expenses
– Wealth transfer and estate planning
– Tax advantages for beneficiaries

## Choosing the Right Policy

When selecting a life insurance policy, consider your income, dependents, and goals…

## Top Life Insurance Companies in the USA

– New York Life
– Northwestern Mutual
– MassMutual
– Prudential
– State Farm

## Conclusion

Life insurance is a powerful tool to ensure your family’s future is protected…