“While a term life insurance plan is an absolute must in any person's insurance portfolio, anyone can buy an endowment or investment insurance policy if they want to combine financial security with savings,” says Mukund Kulkarni.
The speaker emphasizes that some insurance companies are actively involved in charitable programs and initiatives aimed at supporting the LGBTQ+ community; they may also provide insurance on more favorable terms.
“An insurance company’s client has the right to designate any person as the beneficiary. Underwriters have significantly softened their evaluation criteria. After all, the country's legislation prohibits discrimination on the basis of sexual orientation or gender identity. So one can be sure that the cost of the policy and payments under it correspond,” says the interlocutor.
Life insurance is a powerful and comprehensive tool that provides financial security to people from all walks of life.
Photos are from open sources.
