Many people want to give their loved ones some form of monetary support after they are gone. Often, life insurance enables them to do so. Tanenbaum Harber Insurance Group has assisted Miami and Miramar, Florida, residents with their life insurance needs for more than 150 years. Our agents are ready to help you. 

What Is Life Insurance? 
Life insurance pays a chosen sum of money at the end of the policy’s term or after your death to your loved ones, also known as beneficiaries. They can use this death benefit as they see fit. 

Although there are various types of life insurance, many people choose between two main types of coverage. 

• Term life insurance: This coverage can provide money to your beneficiary if you die during the policy’s term. This term may be a period of 10, 20, 30 or more years, depending on your policy’s expiration date. If you don’t die during this time, the policy doesn’t pay, and you need to reapply for a new life insurance policy to continue coverage. 
• Whole life insurance: This coverage lasts for the remainder of your life once you’ve enrolled, and the policy won’t expire unless you stop paying your premiums. Whole life coverage can also provide a cash value investment opportunity, which can be a source of income while you’re alive and provide an eventual death benefit.