Life insurance, is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policy holder pays a premium, either regularly or as one lump sum. Other expenses, such as funeral expenses, can also be included in the benefits. Integrity Insurance Agents are specially trained to help our clients understand this kind of policy, how much of it to buy and what to cover.