Full life involves confidence in the future. This emotion can be provided with either a large fortune or life insurance policy. If you cannot name the insurance benefits, this article is for you.
Protection of loved ones
Many of us have close people who are completely dependent on us; it may be your spouses, children or elderly parents. “Think how much money your family will need if you are gone,” says Jamie Fletcher, Senior Advisor to Globaleye. “Think about housing, schooling, comfort, based on these expenses, and you will determine the amount of payment and contributions.”
Protection Against Unforeseen Events
No one can predict their future; that is why your life insurance policy should include critical illness and long-term care. “If a person remains disabled, the insurance company will have to cover his medical care,” the source explains.
Debt Payment
If the worst case scenario is realized, the insurance company will pay off any customer debts including consumer loans and mortgages.
Photos are from open sources.
