Everything You Ever Wanted to Know About Life Insurance but Were Afraid to Ask

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Life Insurance Q #03: What Does Life Insurance Policy Cover?

Life Insurance
Life Insurance

What’s covered by a life insurance policy falls into two types:

  • The costs of the policy’s death benefit can go toward;
  • The reasons for death are certified by your life insurance agreement.

What expenses are covered by the life insurance policy?

Your beneficiaries however they want can pay your policy’s death benefit.

Beneficiaries usually use the financial aid for:

  • Childcare;
  • College costs;
  • End-of-life expenses;
  • Outstanding debts;
  • Every day expenses.