Life Insurance
Life insurance can be the foundation of your financial security and can provide comfort and stability for your family. The purpose of life insurance is to help provide your loved ones with financial protection in your absence, in exchange for the premiums you pay to your insurer during your lifetime. Life insurance policies can provide you with financial protection, also accumulate for funding for a child's education,dreams and marriage, offering a living benefit that can be used for supplemental retirement income, or cash for emergencies.
Family is not an important thing, its everything
- Michael J. Fox.
Life insurance should be the foundation of any financial portfolio. If someone depends on you financially, life insurance is a necessity providing a safety net of protection to your loved ones.
Below are a few examples of what you can do with the proceeds from a life insurance policy:
- Fund an education
- No need to worry about your child's marriage
- Pay off a mortgage
- Continue a family business
- Protect a spouse's retirement plan
Strategies
TERM LIFE INSURANCE
Term life insurance provides coverage for a set period of time at a generally lower cost than permanent insurance. The cost of insuring oneself increases over time, so it's important to understand your short- and long-term needs for financial security when you select a policy.
PERMANENT LIFE INSURANCE
Permanent life insurance provides you with financial protection for your entire life, as long as the policy remains in force. Because of the flexibility permanent life insurance offers, there are several types of policies you can purchase.
Doing the right thing at the right time is the most important to secure yours and family’s future. Life Insurance helps to secure the entire family’s income source due to some occurrence of mishappening in the insured’s life.
