By now, you should have decided whether to buy a life insurance or not! This is a decision that everybody needs to make at a certain age. But do we really need a life insurance? I would say, yes,
life insurance is an effective way to payout your survivors after your death and it should be tailored for each person’s individual needs. For example, single people who don’t support anyone financially don’t need a life insurance. They probably need a small policy to cover their funeral expenses, but people with children and mortgages, must really think about a suitable life insurance which allows their spouse and children to live comfortably after their death.
There are two important kinds of life insurance policies: Term life policy and Permanent life policy. Term life policy just offers death benefits and it is valid through the length of policy, so if you die after the contract term, your survivors won’t get a dime. On the contrary, the permanent life insurance policy is valid all through your life. It is a combination of a death benefits and saving account, so you can get some of the money back if you live after the length of the policy. Both policies have their strengths and weaknesses. So before buying any life insurance makes sure you have explored all the terms and conditions, because a wrong decision can damage your financial plan also the future of your immediate family. For more information please visit the following link:http://www.lifeinsurancerates.com
L.O.V.E.
by Ms. Confuse at 5:12 AM |
Lovable to those who love her.
