Life insurance can be a springboard to generational wealth because it provides coverage against major illnesses and can be used to protect a family’s income in the event of the death of a breadwinner, explains Othneil Blagrove, senior manager for sales and marketing at JN Life Insurance Company.

The insurance manager explained that there are different types of insurance, such as whole life, universal life, term life, critical illness plans and others, which are effective in offering protection in the event of an untimely death or a major illness. Blagrove explained that what differentiates insurance policies are their costs, purpose for which they are needed, or the requirements to access the policy.

https://jamaica-gleaner.com/article/news/20230221/growth-jobs-life-insurance-can-be-springboard-generational-wealth#.Y_TnN_35xmY.mailto