Why Should I Buy Life Insurance?
Life Insurance will provide you a “peace of mind”, in knowing that should the unthinkable happen and you die unexpectedly, your loved ones will not face financial hardships. The Financial benefit from a life insurance policy can help your loved ones bear the loss and avoid them to rely on savings or selling your home to bear the unexpected expenses like.
- Pay final expenses and any debts.
- Replacing lost income.
- Estate and legal fees.
Who Should Buy Life Insurance?
Everyone needs a life insurance irrespective of their age. Heads of households As a primary earning member of your family, Life insurance will ensure household expenses, health costs and your children’s education will continue to be taken care of. Homeowners A Life Insurance benefit can be used to paid monthly mortgage payments or even pay off mortgage entirely. You can have peace of mind that your family will not loose the home that you have given to them. Business owners or partners Life Insurance benefit can be used to pay off business debts, this way it can help your estate from business creditors.
What are the different types of Life Insurance?
There are three basic types of Life Insurance