What is Covered in Most Plans
Inclusions in the life insurance policies vary with the plan, type of company, and other factors like age, conditions, and financial state. It includes all short-term and long-term expenses. All insurance packages have different features and one cannot generalize it. But still, for an average person, most of the insurance policies can cover:
- Funeral and burial expenses
- Everyday expenses like Monthly bills, food, supplies, and other insurance costs
- Mortage of your house
- Debts and balances
- Child care
- Health expenses
- College tuition of children