oboloo Glossary

Life Insurance

oboloo Glossary

Life Insurance

Life insurance is a type of insurance policy that provides financial coverage to the policyholder’s beneficiaries in the event of their death. It is designed to protect people from unforeseen losses and to help them provide for their loved ones in case of their death. The primary goal of life insurance is to ensure that your family is financially secure after you are gone, providing them with the resources they need to cover funeral expenses and other costs associated with your passing. With life insurance, you can give your loved ones the peace of mind that they won’t be burdened with excessive debts or difficult emotional decisions.