Life Insurance

Life insurance is a contract between a policyholder and an insurance company, where the company promises to pay a designated beneficiary a death benefit upon the insured person's death. It provides financial security for loved ones, covering funeral costs, outstanding debts, or income replacement. Common types include term life and permanent life insurance.

Financial Security

Life insurance serves as a safety net for your family's financial well-being. It ensures that your loved ones are financially supported in the event of your unexpected passing, helping cover essential expenses and future needs

Debt Relief

Don't leave your family burdened with debts and financial obligations. Life insurance can alleviate this stress, ensuring outstanding debts are settled and end-of-life expenses are covered.

Legacy Planning

Life insurance is a vital component of estate planning. It allows you to leave a lasting legacy for your beneficiaries while providing them with a tax-efficient way to receive your assets.

OVERVIEW

SCOPE of COVERAGE

Life Insurance: Protecting Your Loved Ones' Futures

Life is full of twists and turns, but securing your family's financial future doesn't have to be uncertain. At Portfolio Insurance Agency, our range of life insurance options offers you the peace of mind that comes with knowing your loved ones are protected, no matter what lies ahead.

Life insurance exclusions are specific situations or circumstances that prevent beneficiaries from receiving the death benefit. Here are some common exclusions:

  1. Suicide: If the policyholder dies by suicide within a certain timeframe after purchasing the policy (usually a two-year period), beneficiaries may not be eligible for death benefits.
  2. Acts of war: If the policyholder dies due to wartime activities, coverage may be denied.
  3. Service in the military: Some policies exclude coverage for military service-related deaths.
  4. Aviation accidents: Death resulting from private plane crashes may not be covered.

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