What Does Life Insurance Do at Life

What Does Life Insurance Do. Accidental death your policy would also cover your death from a motor vehicle accident, poisoning, accidental overdose or any other tragic accident. Affordable, flexible term life insurance at your pace.

In the event you die from natural causes, your life insurance would apply, and your beneficiaries would receive the insurance payout—called a death benefit. Accidental death your policy would also cover your death from a motor vehicle accident, poisoning, accidental overdose or any other tragic accident. Life insurance is a contract between a policyholder and an insurance company that's designed to pay out a death benefit when the insured person passes away.

BNZ is Canstar’s 2020 Bank of the Year Credit Cards

A life insurance policy provides a financial safety net for your family in the event of your death. Life insurance is a product designed to protect your loved ones’ finances should you pass away (or be diagnosed with a terminal illness) during the term of the policy. Life insurance pays a sum of money to your loved ones when you die, which can help replace your lost income or pay off debts. A life insurance policy can help cover those mortgage payments or pay off or pay down the mortgage to offer your family more stability.