What is millennials for life?
In short, it is an initiative started by a millennial, for millennials. The purpose is create a heightened awareness about life insurance. We will reach and educate millennials on their options for insurance as well as their financial future.
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The primary purpose of life insurance is to provide a death benefit. When someone passes, the life insurance company will cut a check for the amount of the policy (minus any loans or withdrawals) to whoever is listed as the beneficiary (person to receive the money). Typically, this is a tax-free lump sum. However, there are different types of life insurance. We have categorized them in tiers. Silver (Term), Rose Gold (Whole), and Diamond (Indexed Universal Life).