Life insurance pays a death benefit to the beneficiaries you name. They can generally use it for any purpose, including replacing income, paying the mortgage, clearing debts, covering funeral costs, or funding college.
A few provisions can limit a claim, such as misstatements during the two-year contestability period or a lapsed policy. Our Life Insurance Coverage guide explains what is typically covered and excluded.
Want real numbers? Get an instant life insurance quote online or call Bridgeway Insurance at (877) 418-2484.
