I want to invest in insurance but before that I want to know how important is life insurance?I want to invest in insurance but before that I want to know how important is life insurance?
How important is life insurance?
- Posted:
- 3+ months ago by adityahon...
- Topics:
- life, insurance, life insurance
Details:
Responses (6)
Life insurance isn't much of an investment, it's protection for those who depend on your salary, in case you die early. If your house is paid for, and you have enough money in the bank such that if you died today, your family would be just fine financially without you, then you don't need life insurance. If you're like most people, though, who don't have that kind of money, then life insurance is for you.
First off, you wouldn't be able to understand how important it is if you do not have any idea what it is. Life insurance is a kind of investment for your loved ones when you leave Earth. In other words, the money that you have saved would be able to take care of the people who will be left when you leave them after death. Although you may not be able to enjoy the money you have saved, but you just have to think about your loved ones on what their life would be after you leave them. Be careful in choosing the right insurance and the company you will be dealing with. Compare, research, read reviews to ensure you will not fall in the wrong hands. You can start with accidents-happen.com. This way, you can compare and come up to a decision on which insurance company would be able to give you the right insurance policy to meet your needs.
That's a good choice! Insurance bring lots of benefits for us, it's a protection that we all need. I invested one for me under JS Downey Insurance Services because I want to make sure that I am protected if something will happen to me. Besides we don't know what will happen in the future, so being ready is what all we can do.
family financial security : Having a plan to help support your family’s financial stability in the event of your passing away can help ease the stress and burden of an already difficult time.
Tax savings : Life insurance gives you the ability to transfer the policy’s death benefit income tax-free to the beneficiaries. No matter how large the death benefit. Your beneficiary will not pay income tax even one percent on the money.
Get early with Lower Preimum :To provide income for living expenses and any debt or outstanding debt that was going to be paid off over your lifetime, your family may have to sell the home to pay off the debt. But it can be paid from the Life Sum Assured.
Pay for Children’s education: You want to make sure your kids get a quality education and for that you need additional coverage until your kids are old enough to earn on their own. Fruitfulstuff.com