1.
Matthew Ledvina 1
Matthew Ledvina
Life Insurance:
What Is It and Who Needs It?

2.
LIFE INSURANCE: WHAT IS IT AND WHO NEEDS IT?
There are various types of life insurance designed to pay out either
a lump sum to dependants or make regular payments if the policy
holder dies. Not everyone needs life insurance, but anyone who has
other people financially dependent on them may want to consider it.

3.
Matthew Ledvina 3
PRIVATE
PLACEMENT LIFE
INSURANCE IS
DIFFERENT FROM
TRADITIONAL LIFE
INSURANCE.
REASONS TO CONSIDER LIFE
INSURANCE
People who may want to consider
getting life insurance include an-
yone with school-age children, or
with a partner who is financially
reliant on them. Life insurance can
also be used to cover mortgage
payments in the event of the poli-
cy-holder’s death.
WHAT IS COVERED?
What exactly is covered in a life in-
surance policy will vary depending
on the policy and the provider, but
most only cover death, not illness.
A separate insurance product may
be required for serious health prob-
lems. Some provide terminal ben-
efits, which generate a pay-out if a
terminal illness is diagnosed. Most
will have some exclusions, such as
not being covered when playing
risky sports, or from death through
misadventure due to issues such as
alcohol or drug abuse.

4.
You can learn
more about private
placement life
insurance by
visiting the blog of
Matthew Ledvina.
Matthew Ledvina