LIFE INSURANCE
LIFE INSURANCE
Life Insurance is a contract between an insurance policyholder and an insurance company, where the insurer promises to pay a sum of money in exchange for a premium after a set period or upon the death of an insured person.
Life insurance is a vital protection coverage for your loved ones in the event of your untimely death. But apart from providing financial assistance, there are many other reasons why a life insurance policy is important. The other reasons are Protect your business, Settle the Debts, Support your Retirement plan and Tax benefits.
Everyone knows why life insurance is important, but many of us choose to ignore the reality of what would happen if we were to die suddenly without the proper protection. The results could be devastating for your surviving family members, leaving them with a large bill for your final expenses, or even worse, loss of the family home because they can no longer cover the mortgage.
