Life insurance is a legal contract providing a death benefit to named beneficiaries.
Policyholders pay premiums to maintain coverage and choose who receives payout upon death.
Types include term (fixed period) and permanent plans with cash value components.
Cash value can be accessed via loans or withdrawals before death.
Beneficiaries can receive payouts as lump sum or structured payments after claim.

Supplemental Insurance: Safety Net While Growing
Supplemental insurance adds protection when life milestones happen on different timelines. At 26, many leave parents’ plans and face insurance choices for first time. Major




