You've probably heard of Life Insurance, but you might be asking yourself "What is it and how does it work?" Checkout our video for more details on Life Insurance, why you might need it and what different types of Life Insurance policies are available. Definition: Insurance that pays a tax-free cash death benefit to your family or other beneficiary after your death. This can give them replacement income, help payoff debt, and pay your funeral and other final costs. Follow Beaver Finance on Instagram for more education: https://www.instagram.com/beaverfinance/ Please like, comment, and subscribe for more videos. Visit us online https://linktr.ee/beaverfinance #lifeinsurance #termlifeinsurance #permanentlifeinsurance #participatinglifeinsurance #personalfinance #entrepreneurship #canadianinvestors #deathbenefit #premiums #estateplanning #buysell #keyperson #mortgagelifeinsurance *Disclaimer: This content is intended to be for educational purposes only. Please seek out professional advice from an advisor, accountant or legal professional.