Life insurance
Term life
Term life insurance is a type of life insurance that provides coverage for a specific period, typically ranging from 10-30 years. It's often considered the most straightforward and affordable type of life insurance, as it focuses on providing a death benefit if the insured person dies within the policy's term.
Whole life
Whole life insurance is a type of permanent life insurance that offers coverage for your entire life, as long as you continue to pay the premiums.
Annuities
Annuities are financial products designed to provide a steady stream of income, often for retirement. They are essentially a contract between an individual and an insurance company.