: A death benefit is paid only if the insured passes away during the specified term.
: A payout is guaranteed whenever the policyholder dies, provided premiums are maintained. life insurance life assurance
: If the insured survives the term, the policy usually expires without a payout or cash value. : A death benefit is paid only if
Types of Life Insurance Explained and How to Choose | Guardian covering funeral costs
: Ideal for legacy planning, covering funeral costs, or estate tax protection. Core Informative Features