A graduate of Brigham Young University and experienced insurance professional, Hadley Weiler is the regional vice president of sales at BenefitMall. At the firm, Hadley Weiler helps clients with life insurance plans. Life insurance is meant to help people preserve some of their capital after they die or become incapacitated by transferring the capital to their beneficiaries. A life insurance plan is created between an individual and an insurance company. The individual pays premium payments that will be delivered to beneficiaries in the future. There are several types of life insurance, which count as term-life and permanent. Term life insurance only covers a set period of time and common length choices are from five to 30 years. After the set period ends, individuals can also opt to increase the time if they want to for an additional cost. Term life insurance is commonly used by people who want to have coverage for certain situations or debt that they foresee or may arise in the future. Permanent life insurance, on the other hand, covers the entire life of an individual and brings a big benefit that term life insurance doesnโt have. Individuals also receive a cash value, which represents the policyโs investment which grows over time. This helps the individual borrow money against it or use it to pay the premiums for the insurance.